Congress Asset Management Co. MA Has $4.22 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Congress Asset Management Co. MA increased its position in United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,346 shares of the transportation company’s stock after buying an additional 1,596 shares during the period. Congress Asset Management Co. MA’s holdings in United Parcel Service were worth $4,222,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. First PREMIER Bank raised its stake in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the period. Tompkins Financial Corp raised its stake 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 worth $106,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust raised its stake 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 worth $116,000 after buying an additional 160 shares during the period. Security National Trust Co. raised its stake in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares during the period. Finally, Financial Architects Inc raised its stake in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after buying an additional 163 shares during the period. 52.90% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (UPS) traded up 0.37% during midday trading on Friday, hitting $113.34. 2,249,273 shares of the stock traded hands. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month 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 company has a market capitalization of $98.15 billion, a PE ratio of 27.87 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The firm also recently declared 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. This represents a $3.32 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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Several equities analysts recently weighed in on UPS shares. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. BidaskClub lowered shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 price objective on shares of United Parcel Service in a research report on Tuesday. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $114.57.

In related 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 value of $214,980.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. 0.59% of the stock is currently owned by corporate insiders.

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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