Tufton Capital Management lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,469 shares of the transportation company’s stock after selling 510 shares during the quarter. Tufton Capital Management’s holdings in United Parcel Service were worth $4,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of United Parcel Service by 2,550.9% during the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of United Parcel Service by 3,875,867.0% during the 1st quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after acquiring an additional 4,340,971 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of United Parcel Service by 775.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock valued at $305,978,000 after acquiring an additional 2,450,868 shares during the last quarter. Federated Investors Inc. PA boosted its position in shares of United Parcel Service by 2,005.9% during the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after acquiring an additional 1,446,749 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of United Parcel Service by 119.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after acquiring an additional 1,419,245 shares during the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at $118.00 on Friday. The firm has a market capitalization of $101,684.14, a PE ratio of 19.73, a P/E/G ratio of 2.12 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 1-year low of $102.12 and a 1-year high of $125.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. research analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were paid a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 81.37%.

A number of analysts have recently issued reports on UPS shares. Robert W. Baird reiterated a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Oppenheimer reiterated a “buy” rating and set a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Cowen reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Bank of America reissued a “neutral” rating and set a $124.00 price objective (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One 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 presently has a consensus rating of “Hold” and a consensus price target of $121.45.

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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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