GWM Advisors LLC Acquires 1,822 Shares of United Parcel Service, Inc. (NYSE:UPS)

GWM Advisors LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in 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 worth $159,000 after buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. raised its position in 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 worth $446,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC raised its position in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock worth $238,000 after buying an additional 17 shares in the last quarter. Atlas Brown Inc. raised its position in United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock worth $246,000 after buying an additional 20 shares in the last quarter. Finally, Cadence Bank NA raised its position in United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock worth $272,000 after buying an additional 25 shares in the last quarter. 52.90% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.37% on Friday, hitting $113.34. 2,249,273 shares of the stock traded hands. The stock has a 50-day moving average price of $111.59 and a 200 day moving average price of $107.96. The stock has a market cap of $98.15 billion, a price-to-earnings ratio of 27.87 and a beta of 0.88. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share 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 81.57%.

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UPS has been the subject of several research analyst reports. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a research report on Friday, May 19th. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. 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’s stock. United Parcel Service has an average rating of “Hold” and an average target price of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on 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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