United Parcel Service, Inc. (UPS) Shares Sold by Columbia Asset Management

Columbia Asset Management lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,265 shares of the transportation company’s stock after selling 1,414 shares during the period. Columbia Asset Management’s holdings in United Parcel Service were worth $2,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Good Life Advisors LLC increased its position in shares of United Parcel Service by 1,113.6% in the first quarter. Good Life Advisors LLC now owns 22,136 shares of the transportation company’s stock worth $2,360,000 after buying an additional 20,312 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of United Parcel Service by 9.9% in the first quarter. WINTON GROUP Ltd now owns 13,743 shares of the transportation company’s stock worth $1,503,000 after buying an additional 1,235 shares during the last quarter. FDO Partners LLC bought a new position in shares of United Parcel Service during the first quarter worth approximately $2,610,000. Westfield Capital Management Co. LP increased its position in shares of United Parcel Service by 8.5% in the first quarter. Westfield Capital Management Co. LP now owns 941,891 shares of the transportation company’s stock worth $101,065,000 after buying an additional 74,140 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of United Parcel Service by 131.7% in the first quarter. Stephens Inc. AR now owns 53,191 shares of the transportation company’s stock worth $5,707,000 after buying an additional 30,230 shares during the last quarter. 53.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.18% during mid-day trading on Wednesday, hitting $112.09. 325,919 shares of the stock were exchanged. The firm has a 50-day moving average price of $110.81 and a 200 day moving average price of $108.17. The company has a market capitalization of $96.96 billion, a PE ratio of 27.56 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 earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the 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 business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the business earned $1.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.97%. United Parcel Service’s dividend payout ratio is presently 81.57%.

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A number of research analysts recently commented on the stock. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $128.00 in a research report on Tuesday. BidaskClub downgraded shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two 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. The stock currently has an average rating of “Hold” and an average price target of $114.79.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction 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. 0.59% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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