1ST Source Bank increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,633 shares of the transportation company’s stock after purchasing an additional 977 shares during the quarter. 1ST Source Bank’s holdings in United Parcel Service were worth $1,397,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. First PREMIER Bank grew its position in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Winslow Evans & Crocker Inc. grew its position in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares in the last quarter. Parkside Financial Bank & Trust grew its position in United Parcel Service by 14.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Security National Trust Co. grew its position in United Parcel Service by 3.9% in the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5 shares in the last quarter. 53.67% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on UPS shares. J P Morgan Chase & Co lifted their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Loop Capital lifted their price objective on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price objective (up previously from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $135.00 in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $121.45.

United Parcel Service, Inc. (NYSE:UPS) traded down $1.56 during mid-day trading on Friday, reaching $116.84. The company had a trading volume of 2,817,300 shares, compared to its average volume of 2,723,235. The stock has a market capitalization of $102,028.83, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $125.16. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. The firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. research analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s payout ratio is 81.37%.

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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. 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.

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

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