TRB Advisors LP acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,000 shares of the transportation company’s stock, valued at approximately $1,609,000. United Parcel Service comprises about 2.5% of TRB Advisors LP’s holdings, making the stock its 6th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tompkins Financial Corp boosted its position in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares in the last quarter. First PREMIER Bank boosted its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of 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 worth $116,000 after buying an additional 160 shares in the last quarter. Security National Trust Co. boosted its position in shares of United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares in the last quarter. Finally, Financial Architects Inc boosted its position in shares of United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after buying an additional 163 shares in the last quarter. Institutional investors own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down 0.02% during mid-day trading on Thursday, reaching $111.56. The company had a trading volume of 269,198 shares. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The company has a market capitalization of $96.61 billion, a PE ratio of 27.43 and a beta of 0.88. The company’s 50-day moving average price is $110.96 and its 200-day moving average price is $108.07.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

ILLEGAL ACTIVITY NOTICE: “TRB Advisors LP Invests $1.61 Million in United Parcel Service, Inc. (NYSE:UPS)” was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/trb-advisors-lp-invests-1-61-million-in-united-parcel-service-inc-nyseups/1470727.html.

A number of brokerages have commented on UPS. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $128.00 in a research note on Tuesday. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $114.79.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company 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.

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.