United Parcel Service, Inc. (UPS) Shares Sold by Fiduciary Trust Co.

Fiduciary Trust Co. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,676 shares of the transportation company’s stock after selling 1,742 shares during the period. Fiduciary Trust Co.’s holdings in United Parcel Service were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its stake in United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 160 shares during the last quarter. Security National Trust Co. boosted its stake in United Parcel Service by 8.9% during the 1st quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 102 shares during the last quarter. Financial Architects Inc boosted its stake in United Parcel Service by 14.3% during the 1st quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 163 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in United Parcel Service by 0.3% during the 1st 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 purchasing an additional 4 shares during the last quarter. Finally, Twin Tree Management LP boosted its stake in United Parcel Service by 160.1% during the 1st quarter. Twin Tree Management LP now owns 1,558 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 4,149 shares during the last quarter. Institutional investors own 52.94% of the company’s stock.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction dated 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. Insiders own 0.59% of the company’s stock.

Several equities analysts have commented on the stock. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Seaport Global Securities initiated coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $114.80.

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United Parcel Service, Inc. (UPS) traded up 0.44% during trading on Friday, reaching $117.90. 3,411,257 shares of the company were exchanged. The company’s 50-day moving average price is $113.62 and its 200-day moving average price is $109.06. The stock has a market capitalization of $102.10 billion, a P/E ratio of 28.99 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 posted its quarterly earnings data 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. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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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