GWM Advisors LLC Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

GWM Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,173 shares of the transportation company’s stock after buying an additional 1,822 shares during the period. GWM Advisors LLC’s holdings in United Parcel Service were worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in shares of United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC boosted its position in shares of United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock valued at $238,000 after buying an additional 17 shares in the last quarter. Atlas Brown Inc. boosted its position in shares of United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares in the last quarter. Finally, Cadence Bank NA boosted its position in shares of United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock valued at $272,000 after buying an additional 25 shares in the last quarter. 53.10% of the stock is currently owned by institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 111.44 on Friday. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 27.40 and a beta of 0.88. The company has a 50 day moving average of $111.01 and a 200 day moving average of $108.09. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 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 during the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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

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Several equities analysts have issued reports on the stock. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Seaport Global Securities assumed coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $128.00 in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $114.79.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service 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 available through this link. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated 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. Company insiders own 0.59% of the company’s stock.

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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