Lynch & Associates IN raised its position in United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 155,964 shares of the transportation company’s stock after buying an additional 1,450 shares during the period. United Parcel Service comprises approximately 6.8% of Lynch & Associates IN’s holdings, making the stock its largest position. Lynch & Associates IN’s holdings in United Parcel Service were worth $17,248,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UPS. iAB Financial Bank raised its stake in shares of United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock worth $950,000 after buying an additional 250 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock worth $20,604,000 after buying an additional 14,075 shares in the last quarter. First Merchants Corp raised its stake in shares of United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock worth $746,000 after buying an additional 165 shares in the last quarter. Visionary Asset Management Inc. purchased a new stake in shares of United Parcel Service during the first quarter worth about $3,041,000. Finally, Prospera Financial Services Inc raised its stake in shares of United Parcel Service by 106.8% in the first quarter. Prospera Financial Services Inc now owns 8,400 shares of the transportation company’s stock worth $900,000 after buying an additional 4,338 shares in the last quarter. 53.10% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.47% on Friday, reaching $111.44. 2,077,867 shares of the company’s stock traded hands. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 27.40 and a beta of 0.88. The stock’s 50-day moving average price is $111.07 and its 200-day moving average price is $108.07. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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A number of brokerages recently issued reports on UPS. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $115.00 to $128.00 in a report on Tuesday. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.79.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

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.

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

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