Parkside Financial Bank & Trust Raises Position in United Parcel Service, Inc. (UPS)

Parkside Financial Bank & Trust increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,240 shares of the transportation company’s stock after buying an additional 153 shares during the period. Parkside Financial Bank & Trust’s holdings in United Parcel Service were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. Mycio Wealth Partners LLC raised its holdings in United Parcel Service by 25.9% during the 1st quarter. Mycio Wealth Partners LLC now owns 8,745 shares of the transportation company’s stock worth $938,000 after purchasing an additional 1,800 shares during the last quarter. Dubuque Bank & Trust Co. raised its holdings in United Parcel Service by 10.3% during the 1st quarter. Dubuque Bank & Trust Co. now owns 16,455 shares of the transportation company’s stock worth $1,766,000 after purchasing an additional 1,536 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in United Parcel Service by 3.4% during the 1st quarter. Delta Asset Management LLC TN now owns 110,496 shares of the transportation company’s stock worth $11,857,000 after purchasing an additional 3,616 shares during the last quarter. Sawgrass Asset Management LLC bought a new stake in United Parcel Service during the 1st quarter worth about $827,000. Finally, Bartlett & Co. LLC raised its holdings in United Parcel Service by 1.4% during the 1st quarter. Bartlett & Co. LLC now owns 29,942 shares of the transportation company’s stock worth $3,213,000 after purchasing an additional 420 shares during the last quarter. Institutional investors and hedge funds own 52.94% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 117.15 on Wednesday. The company’s 50-day moving average price is $112.93 and its 200-day moving average price is $108.78. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The company has a market capitalization of $101.45 billion, a PE ratio of 28.81 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s payout ratio is 81.57%.

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Several analysts have weighed in on the company. Credit Suisse Group reissued a “neutral” rating and set a $108.00 price objective on shares of United Parcel Service in a report on Tuesday, August 15th. Robert W. Baird reissued a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a report on Friday, August 25th. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $114.80.

In related news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on 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, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. 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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