FinTrust Investment Advisory Services LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,798 shares of the transportation company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank lifted its holdings in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in United Parcel Service in the first quarter valued at about $126,000. Winslow Evans & Crocker Inc. lifted its holdings in United Parcel Service by 261.3% in the second 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 during the period. Parkside Financial Bank & Trust lifted its holdings in United Parcel Service by 14.1% in the second 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 during the period. Finally, Security National Trust Co. lifted its holdings in United Parcel Service by 3.9% in the second 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 during the period. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE UPS) traded up $0.24 during midday trading on Thursday, hitting $118.40. The stock had a trading volume of 2,738,400 shares, compared to its average volume of 2,722,843. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $125.16. The company has a market capitalization of $101,837.87, a P/E ratio of 19.76, a P/E/G ratio of 2.13 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts forecast 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 given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio is currently 81.37%.

A number of research firms have weighed in on UPS. UBS increased their target price on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $135.00 in a report on Monday, December 4th. Robert W. Baird reissued a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Sunday, October 1st. Cowen increased their target price on United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Finally, Loop Capital increased their target price on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $121.45.

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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.

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

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