First United Bank Trust increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 50.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,360 shares of the transportation company’s stock after buying an additional 4,475 shares during the quarter. First United Bank Trust’s holdings in United Parcel Service were worth $1,604,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of UPS. First PREMIER Bank grew its stake in United Parcel Service by 5.0% during the 2nd 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. acquired a new stake in United Parcel Service during the 1st quarter valued at approximately $126,000. Winslow Evans & Crocker Inc. grew its stake in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 153 shares in the last quarter. Finally, Security National Trust Co. grew its stake in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

A number of equities research analysts have weighed in on the company. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Credit Suisse Group restated a “hold” rating and set 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. Oppenheimer restated a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a research note on Monday, November 6th. BMO Capital Markets raised their price objective on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co raised their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus price target of $121.45.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up $1.44 on Friday, hitting $119.73. The stock had a trading volume of 3,279,900 shares, compared to its average volume of 2,722,065. The firm has a market cap of $101,934.04, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. sell-side analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.77%. United Parcel Service’s payout ratio is 81.37%.

ILLEGAL ACTIVITY WARNING: “First United Bank Trust Buys 4,475 Shares of United Parcel Service, Inc. (UPS)” was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/first-united-bank-trust-buys-4475-shares-of-united-parcel-service-inc-ups/1752241.html.

United Parcel Service 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.