United Parcel Service, Inc. (UPS) Position Raised by United Services Automobile Association

United Services Automobile Association raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,293,554 shares of the transportation company’s stock after buying an additional 17,370 shares during the period. United Services Automobile Association owned about 0.15% of United Parcel Service worth $138,798,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after buying an additional 4 shares during the period. Weatherly Asset Management L. P. increased its position in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after buying an additional 15 shares during the period. Bollard Group LLC increased its position in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock worth $238,000 after buying an additional 17 shares during the period. Cadence Bank NA increased its position in United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock worth $272,000 after buying an additional 25 shares during the period. Finally, Trust Department MB Financial Bank N A increased its position in United Parcel Service by 0.6% in the first quarter. Trust Department MB Financial Bank N A now owns 4,613 shares of the transportation company’s stock worth $495,000 after buying an additional 27 shares during the period. 52.90% of the stock is currently owned by institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.37% during trading on Friday, reaching $113.34. The company’s stock had a trading volume of 2,249,273 shares. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm’s 50-day moving average price is $111.59 and its 200-day moving average price is $107.96. The company has a market capitalization of $98.15 billion, a price-to-earnings ratio of 27.87 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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A number of research analysts recently weighed in on the company. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Seaport Global Securities began coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating for the company. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 price objective on shares of United Parcel Service in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)




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