United Parcel Service, Inc. (UPS) Stake Lowered by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 37.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,933 shares of the transportation company’s stock after selling 1,167 shares during the period. Chicago Partners Investment Group LLC’s holdings in United Parcel Service were worth $207,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of UPS. BTIM Corp. raised its stake in shares of United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock worth $50,501,000 after buying an additional 7,066 shares in the last quarter. Bank of The Ozarks raised its stake in shares of United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after buying an additional 886 shares in the last quarter. Dynamic Advisors Solutions LLC raised its stake in shares of United Parcel Service by 18.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 15,474 shares of the transportation company’s stock worth $1,660,000 after buying an additional 2,431 shares in the last quarter. Honeywell International Inc. raised its stake in shares of United Parcel Service by 108.6% in the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock worth $43,199,000 after buying an additional 209,600 shares in the last quarter. Finally, Airain ltd acquired a new stake in shares of United Parcel Service during the first quarter worth $762,000. Hedge funds and other institutional investors own 53.10% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 111.86 on Tuesday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The firm’s 50-day moving average price is $110.66 and its 200-day moving average price is $108.10. The stock has a market cap of $96.76 billion, a PE ratio of 27.50 and a beta of 0.88.

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

The business also recently announced 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 is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.97%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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Several research firms recently weighed in on UPS. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $111.86 to $128.00 in a research report on Tuesday. BidaskClub lowered United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Seaport Global Securities began coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $114.79.

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