Court Place Advisors LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,106 shares of the transportation company’s stock, valued at approximately $344,000.

Other large investors also recently modified their holdings of the company. V Wealth Management LLC acquired a new stake in United Parcel Service during the second quarter valued at approximately $102,000. Tompkins Financial Corp boosted its stake in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares in the last quarter. First PREMIER Bank boosted its stake in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. Finally, Ullmann Financial Group Inc. acquired a new stake in United Parcel Service during the first quarter valued at approximately $126,000. 52.90% of the stock is owned by institutional investors.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.61% on Wednesday, hitting $114.88. The stock had a trading volume of 973,750 shares. The stock has a 50 day moving average price of $111.26 and a 200 day moving average price of $107.90. The company has a market cap of $99.48 billion, a P/E ratio of 28.25 and a beta of 0.88. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.91%. United Parcel Service’s dividend payout ratio is currently 81.57%.

WARNING: This piece of content was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/court-place-advisors-llc-purchases-new-position-in-united-parcel-service-inc-ups/1496061.html.

Several research firms recently commented on UPS. Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research note on Tuesday. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 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 stock. The stock currently has a consensus 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 that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value 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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.