First Fiduciary Investment Counsel Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 106,991 shares of the transportation company’s stock after acquiring an additional 4,185 shares during the period. United Parcel Service makes up 2.3% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 24th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in United Parcel Service were worth $11,832,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. BlackRock Inc. lifted its holdings 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 worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC raised its position in United Parcel Service by 3,875,867.0% in the 1st quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after purchasing an additional 4,340,971 shares during the period. Janus Henderson Group PLC raised its position in United Parcel Service by 775.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock worth $305,978,000 after purchasing an additional 2,450,868 shares during the period. Federated Investors Inc. PA raised its position in United Parcel Service by 2,005.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after purchasing an additional 1,446,749 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in United Parcel Service by 119.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after purchasing an additional 1,419,245 shares during the period. 53.66% of the stock is owned by institutional investors.

UPS has been the topic of a number of analyst reports. BidaskClub cut shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Citigroup upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Finally, Oppenheimer reiterated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $120.74.

United Parcel Service, Inc. (NYSE UPS) traded down $1.14 during mid-day trading on Friday, hitting $120.31. 3,141,930 shares of the company’s stock were exchanged, compared to its average volume of 2,647,432. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $122.00. The stock has a market capitalization of $104,657.10, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) 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 firm had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, November 10th. United Parcel Service’s payout ratio is 81.37%.

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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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