Bridge Creek Capital Management LLC Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

Bridge Creek Capital Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,717 shares of the transportation company’s stock after buying an additional 350 shares during the period. United Parcel Service makes up 2.1% of Bridge Creek Capital Management LLC’s holdings, making the stock its 11th largest position. Bridge Creek Capital Management LLC’s holdings in United Parcel Service were worth $3,839,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UPS. V Wealth Management LLC bought a new position in United Parcel Service during the second quarter valued at about $102,000. Tompkins Financial Corp raised its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank raised its position in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust raised its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new position in United Parcel Service during the first quarter valued at about $126,000. Hedge funds and other institutional investors own 52.90% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 113.34 on Friday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The firm’s 50-day moving average price is $111.59 and its 200-day moving average price is $107.96. The stock has a market cap of $98.15 billion, a PE ratio of 27.87 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates 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 revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio is presently 81.57%.

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Several equities analysts recently issued reports on the company. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. BidaskClub lowered United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Credit Suisse Group restated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Tuesday. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Barber sold 3,556 shares of the 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.

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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