ProVise Management Group LLC Has $2.71 Million Position in United Parcel Service, Inc. (NYSE:UPS)

ProVise Management Group LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,273 shares of the transportation company’s stock after buying an additional 522 shares during the period. ProVise Management Group LLC’s holdings in United Parcel Service were worth $2,712,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Tompkins Financial Corp boosted its position in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank boosted its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of 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 worth $116,000 after buying an additional 160 shares during the last quarter. Security National Trust Co. boosted its position in shares of 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 worth $134,000 after buying an additional 102 shares during the last quarter. Finally, Financial Architects Inc boosted its position in shares of United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after buying an additional 163 shares during the last quarter. Institutional investors own 53.10% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 111.44 on Friday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The company has a market cap of $96.50 billion, a price-to-earnings ratio of 27.40 and a beta of 0.88. The firm has a 50-day moving average price of $111.07 and a 200 day moving average price of $108.07.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 firm had revenue of $15.75 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.98%. United Parcel Service’s payout ratio is 81.57%.

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A number of analysts have recently weighed in on the company. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub lowered United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned 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, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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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