First Financial Equity Corporation Acquires New Stake in United Parcel Service, Inc. (UPS)

First Financial Equity Corporation acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,330 shares of the transportation company’s stock, valued at approximately $247,000.

Several other hedge funds also recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of 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 purchasing an additional 4 shares during the last quarter. Weatherly Asset Management L. P. increased its position in shares of 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 purchasing an additional 15 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after purchasing an additional 18 shares during the last quarter. Fort Pitt Capital Group LLC increased its position in shares of United Parcel Service by 1.0% in the first quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock worth $250,000 after purchasing an additional 24 shares during the last quarter. Finally, Cadence Bank NA increased its position in shares of 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 purchasing an additional 25 shares during the last quarter. Institutional investors own 52.94% of the company’s stock.

Several research analysts recently weighed in on UPS shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $114.80.

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Shares of United Parcel Service, Inc. (UPS) traded up 0.72% on Tuesday, hitting $117.04. 979,120 shares of the stock traded hands. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The firm has a 50 day moving average price of $112.83 and a 200 day moving average price of $108.72. The firm has a market cap of $101.35 billion, a PE ratio of 28.78 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

United Parcel Service 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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