148,875 Shares in United Parcel Service, Inc. (UPS) Purchased by W. E. Donoghue & Co. LLC

W. E. Donoghue & Co. LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 148,875 shares of the transportation company’s stock, valued at approximately $16,464,000. United Parcel Service accounts for approximately 1.9% of W. E. Donoghue & Co. LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. lifted its holdings in United Parcel Service by 3.0% in the first quarter. Traynor Capital Management Inc. now owns 6,451 shares of the transportation company’s stock valued at $689,000 after acquiring an additional 188 shares during the period. Motley Fool Wealth Management LLC lifted its holdings in United Parcel Service by 29.7% in the first quarter. Motley Fool Wealth Management LLC now owns 8,171 shares of the transportation company’s stock valued at $877,000 after acquiring an additional 1,869 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in United Parcel Service by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 42,710 shares of the transportation company’s stock valued at $4,582,000 after acquiring an additional 140 shares during the period. ZWJ Investment Counsel Inc. lifted its holdings in United Parcel Service by 2.5% in the first quarter. ZWJ Investment Counsel Inc. now owns 6,443 shares of the transportation company’s stock valued at $691,000 after acquiring an additional 159 shares during the period. Finally, United Services Automobile Association lifted its holdings in United Parcel Service by 1.4% in the first quarter. United Services Automobile Association now owns 1,293,554 shares of the transportation company’s stock valued at $138,798,000 after acquiring an additional 17,370 shares during the period. 53.67% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE UPS) traded up $3.41 during trading on Tuesday, hitting $123.72. The stock had a trading volume of 4,535,000 shares, compared to its average volume of 2,712,831. The stock has a market capitalization of $103,674.73, a PE ratio of 20.12, a PEG ratio of 2.16 and a beta of 0.92. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $125.16. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share. equities analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.

A number of research analysts have issued reports on UPS shares. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Goldman Sachs Group started coverage on United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price target for the company. Cowen reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. Finally, Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a report on Monday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $121.45.

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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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