Eliot Finkel Investment Counsel LLC Raises Position in United Parcel Service, Inc. (UPS)

Eliot Finkel Investment Counsel LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,120 shares of the transportation company’s stock after buying an additional 2,005 shares during the period. United Parcel Service makes up 4.0% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its 11th largest position. Eliot Finkel Investment Counsel LLC’s holdings in United Parcel Service were worth $5,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tompkins Financial Corp increased 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 last quarter. First PREMIER Bank boosted 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 valued at $107,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust boosted 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 valued at $116,000 after buying an additional 160 shares during the period. Security National Trust Co. boosted 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 valued at $134,000 after buying an additional 102 shares during the period. Finally, Financial Architects Inc boosted 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 valued at $140,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 52.90% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.37% during trading on Friday, hitting $113.34. 2,249,273 shares of the stock were exchanged. The firm has a market cap of $98.15 billion, a PE ratio of 27.87 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. The stock’s 50-day moving average price is $111.59 and its 200-day moving average price is $107.96.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given 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 payout ratio is currently 81.57%.

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A number of research firms recently weighed in on UPS. 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. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub cut shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, Cowen and Company restated a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Two 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 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 business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred 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 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.

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

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