Suntrust Banks Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 204,061 shares of the transportation company’s stock after selling 15,365 shares during the quarter. Suntrust Banks Inc.’s holdings in United Parcel Service were worth $22,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Raymond James Financial Services Advisors Inc. lifted its position in United Parcel Service by 31.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 188,223 shares of the transportation company’s stock valued at $20,197,000 after acquiring an additional 45,368 shares in the last quarter. United Bank Inc. increased its stake in United Parcel Service by 6.5% in the 1st quarter. United Bank Inc. now owns 47,843 shares of the transportation company’s stock valued at $5,134,000 after buying an additional 2,927 shares during the last quarter. Mason Street Advisors LLC increased its stake in United Parcel Service by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 95,246 shares of the transportation company’s stock valued at $10,220,000 after buying an additional 945 shares during the last quarter. United Bank VA increased its stake in United Parcel Service by 26.3% in the 1st quarter. United Bank VA now owns 31,910 shares of the transportation company’s stock valued at $3,423,000 after buying an additional 6,654 shares during the last quarter. Finally, Greenwood Capital Associates LLC increased its stake in United Parcel Service by 1.2% in the 1st quarter. Greenwood Capital Associates LLC now owns 46,272 shares of the transportation company’s stock valued at $4,965,000 after buying an additional 571 shares during the last quarter. 53.07% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (UPS) opened at $112.94 on Friday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $121.75. The firm has a market cap of $97,980.00, a P/E ratio of 19.08, a P/E/G ratio of 2.05 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a $0.83 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.94%. United Parcel Service’s dividend payout ratio is 81.57%.

In related news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by insiders.

Several research firms have commented on UPS. UBS AG increased their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen and Company increased their price objective on shares of United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Stifel Nicolaus increased their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets increased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $120.74.

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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.

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

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