American International Group Inc. Buys 4,474 Shares of United Parcel Service, Inc. (NYSE:UPS)

American International Group Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,169 shares of the transportation company’s stock after buying an additional 4,474 shares during the period. American International Group Inc.’s holdings in United Parcel Service were worth $33,174,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in UPS. Tompkins Financial Corp increased 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 in the last quarter. First PREMIER Bank increased 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 in the last quarter. Parkside Financial Bank & Trust increased 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 in the last quarter. Security National Trust Co. increased its position in 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 valued at $134,000 after buying an additional 102 shares in the last quarter. Finally, Financial Architects Inc increased its position in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 52.90% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.37% during midday trading on Friday, reaching $113.34. 2,249,273 shares of the company traded hands. The stock’s 50-day moving average is $111.59 and its 200-day moving average is $107.96. The stock has a market capitalization of $98.15 billion, a P/E ratio of 27.87 and a beta of 0.88. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal 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 given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is currently 81.57%.

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A number of research firms have commented on UPS. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. BidaskClub downgraded shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price objective on shares of United Parcel Service in a research report on Tuesday. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Two equities research 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’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $114.57.

In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The stock was 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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