Allen Investment Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 436,738 shares of the transportation company’s stock after buying an additional 13,623 shares during the period. United Parcel Service accounts for about 2.8% of Allen Investment Management LLC’s portfolio, making the stock its 15th largest position. Allen Investment Management LLC’s holdings in United Parcel Service were worth $46,862,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tompkins Financial Corp boosted its stake in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank boosted its stake in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in 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 valued at $116,000 after buying an additional 160 shares during the last quarter. Security National Trust Co. boosted its stake in 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 valued at $134,000 after buying an additional 102 shares during the last quarter. Finally, Financial Architects Inc boosted its stake in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 53.10% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded down 0.112% during mid-day trading on Thursday, reaching $111.455. The company’s stock had a trading volume of 228,258 shares. The firm has a market capitalization of $96.52 billion, a P/E ratio of 27.405 and a beta of 0.88. The firm’s 50 day moving average price is $110.96 and its 200 day moving average price is $108.07. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44.

United Parcel Service (NYSE:UPS) last issued 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 return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a dividend of $0.83 per share. 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 dividend payout ratio (DPR) is presently 81.57%.

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Several equities research analysts recently weighed in on UPS shares. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $128.00 in a research note on Tuesday. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $114.79.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. 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.

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

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