United Parcel Service, Inc. (UPS) Shares Sold by Community Bank N.A.

Community Bank N.A. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,468 shares of the transportation company’s stock after selling 1,050 shares during the period. Community Bank N.A.’s holdings in United Parcel Service were worth $1,978,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after purchasing an additional 1,262,293 shares during the last quarter. BlackRock Inc. increased its position in shares of United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP increased its position in shares of United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after acquiring an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after acquiring an additional 1,246,981 shares during the last quarter. Finally, FMR LLC increased its position in shares of United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after acquiring an additional 71,666 shares during the last quarter. Institutional investors own 53.67% of the company’s stock.

A number of analysts recently commented on the company. UBS increased their price target on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research report on Sunday, October 1st. Cowen increased their price target on United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Finally, Loop Capital increased their price objective on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $121.45.

United Parcel Service, Inc. (UPS) traded up $1.26 during midday trading on Monday, reaching $119.26. The company’s stock had a trading volume of 378,463 shares, compared to its average volume of 2,732,631. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $101,684.14, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.78%. United Parcel Service’s dividend payout ratio is presently 81.37%.

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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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