Investment Centers of America Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.7% during the first quarter, Holdings Channel reports. The institutional investor owned 18,791 shares of the transportation company’s stock after buying an additional 6,319 shares during the period. Investment Centers of America Inc.’s holdings in United Parcel Service were worth $2,018,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. First PREMIER Bank increased its stake 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. Jacobs & Co. CA increased its stake in shares of United Parcel Service by 3.5% in the first quarter. Jacobs & Co. CA now owns 70,512 shares of the transportation company’s stock worth $7,566,000 after buying an additional 2,368 shares in the last quarter. First National Bank of Omaha increased its stake in shares of United Parcel Service by 1.5% in the first quarter. First National Bank of Omaha now owns 75,310 shares of the transportation company’s stock worth $8,081,000 after buying an additional 1,097 shares in the last quarter. Farmers Trust Co. increased its stake in shares of United Parcel Service by 1.7% in the first quarter. Farmers Trust Co. now owns 2,226 shares of the transportation company’s stock worth $239,000 after buying an additional 37 shares in the last quarter. Finally, TNB Financial acquired a new stake in shares of United Parcel Service during the first quarter worth $409,000. 53.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.47% on Friday, reaching $111.44. The company had a trading volume of 2,077,867 shares. The company’s 50-day moving average is $111.07 and its 200-day moving average is $108.07. The company has a market capitalization of $96.50 billion, a PE ratio of 27.40 and a beta of 0.88. United Parcel Service, Inc. has a one year low of $102.12 and a one year 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 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $15.49 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share 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 given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.98%. United Parcel Service’s payout ratio is 81.57%.

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A number of equities research analysts have weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, May 19th. Seaport Global Securities assumed coverage on United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $114.79.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

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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