Epoch Investment Partners Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,867,883 shares of the transportation company’s stock after selling 341,468 shares during the period. Epoch Investment Partners Inc. owned 0.33% of United Parcel Service worth $317,158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5 shares during the last quarter. Founders Capital Management increased its holdings in United Parcel Service by 0.3% in the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after acquiring an additional 15 shares during the last quarter. Bollard Group LLC increased its holdings in United Parcel Service by 0.8% in the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 17 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 18 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its holdings in United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 53.11% of the company’s stock.

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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by insiders.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price target (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a research note on Monday, November 6th. BMO Capital Markets lifted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co lifted their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $120.74.

United Parcel Service, Inc. (NYSE UPS) opened at $112.94 on Monday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $121.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The company has a market cap of $97,323.79, a PE ratio of 18.89, a P/E/G ratio of 2.03 and a beta of 0.92.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.83 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.94%. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

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.

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

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