Johanson Financial Advisors Inc. Trims Stake in United Parcel Service, Inc. (UPS)

Johanson Financial Advisors Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,790 shares of the transportation company’s stock after selling 103 shares during the period. Johanson Financial Advisors Inc.’s holdings in United Parcel Service were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after purchasing an additional 1,030,326 shares during the last quarter. BlackRock Inc. lifted its stake in shares of United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. Wellington Management Group LLP lifted its stake in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after acquiring an additional 1,117,802 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after acquiring an additional 1,246,981 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after acquiring an additional 593,756 shares during the period. Institutional investors own 52.86% of the company’s stock.

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A number of research firms recently commented on UPS. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research note on Wednesday. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Citigroup Inc. raised 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 note on Tuesday, August 8th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Seaport Global Securities began coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $115.27.

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, topping the Zacks’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion for 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 period last year, the company earned $1.43 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a $0.83 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.82%. United Parcel Service’s dividend payout ratio is currently 81.57%.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value 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.

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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