Mitchell Sinkler & Starr PA Buys 400 Shares of United Parcel Service, Inc. (UPS)

Mitchell Sinkler & Starr PA increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,350 shares of the transportation company’s stock after buying an additional 400 shares during the period. Mitchell Sinkler & Starr PA’s holdings in United Parcel Service were worth $592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Wealth Management LLC bought a new position in United Parcel Service during the second quarter valued at approximately $102,000. Tompkins Financial Corp raised its position 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 raised its position 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 raised its position 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. Finally, Ullmann Financial Group Inc. bought a new position in United Parcel Service during the first quarter valued at approximately $126,000. 53.10% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE:UPS) traded up 1.10% during mid-day trading on Tuesday, reaching $113.09. The company’s stock had a trading volume of 1,256,665 shares. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm has a market cap of $97.82 billion, a PE ratio of 27.81 and a beta of 0.88. The stock’s 50 day moving average is $110.66 and its 200 day moving average is $108.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the company posted $1.43 earnings per share. The business’s revenue 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 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 paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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Several research analysts recently weighed in on the company. 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 $111.86 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 restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $114.79.

In other news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is available at the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was 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 owned by insiders.

About United Parcel Service

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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