Edge Asset Management Inc. raised its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,763 shares of the company’s stock after buying an additional 10,331 shares during the period. Edge Asset Management Inc.’s holdings in United Parcel Service were worth $40,154,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,465 shares of the company’s stock worth $157,000 after buying an additional 5 shares during the period. Savant Capital LLC raised its stake in shares of United Parcel Service by 0.3% in the second quarter. Savant Capital LLC now owns 3,490 shares of the company’s stock worth $376,000 after buying an additional 10 shares during the period. Trust Department MB Financial Bank N A raised its stake in shares of United Parcel Service by 0.7% in the second quarter. Trust Department MB Financial Bank N A now owns 2,130 shares of the company’s stock worth $206,000 after buying an additional 15 shares during the period. Bollard Group LLC raised its stake in shares of United Parcel Service by 0.7% in the second quarter. Bollard Group LLC now owns 2,174 shares of the company’s stock worth $234,000 after buying an additional 16 shares during the period. Finally, Kanaly Trust Co raised its stake in shares of United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares during the period. 53.29% of the stock is currently owned by institutional investors.

Shares of United Parcel Service Inc. (NYSE:UPS) traded up 0.26% on Monday, reaching $107.14. 923,353 shares of the company were exchanged. United Parcel Service Inc. has a 52 week low of $87.30 and a 52 week high of $111.83. The company’s 50-day moving average is $109.12 and its 200-day moving average is $105.75. The company has a market capitalization of $94.08 billion, a price-to-earnings ratio of 19.26 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.43. The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. United Parcel Service’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, equities analysts expect that United Parcel Service Inc. will post $5.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, August 12th. United Parcel Service’s dividend payout ratio (DPR) is 56.01%.

A number of equities research analysts have issued reports on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Wednesday, June 29th. Argus raised their price target on shares of United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Barclays PLC raised their price target on shares of United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Citigroup Inc. reissued a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of United Parcel Service in a report on Thursday, May 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $109.23.

In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $109.79, for a total transaction of $249,003.72. Following the transaction, the insider now owns 31,418 shares in the company, valued at $3,449,382.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

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