BTR Capital Management Inc. Acquires 275 Shares of United Parcel Service, Inc. (NYSE:UPS)

BTR Capital Management Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 1.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,325 shares of the transportation company’s stock after buying an additional 275 shares during the quarter. BTR Capital Management Inc.’s holdings in United Parcel Service were worth $5,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of United Parcel Service by 1.1% during the first quarter. Vanguard Group Inc. now owns 65,251,167 shares of the transportation company’s stock valued at $13,993,765,000 after buying an additional 679,553 shares during the last quarter. BlackRock Inc. grew its stake in shares of United Parcel Service by 3.4% during the first quarter. BlackRock Inc. now owns 53,873,217 shares of the transportation company’s stock valued at $11,553,650,000 after buying an additional 1,781,756 shares during the last quarter. State Street Corp grew its stake in shares of United Parcel Service by 1.4% during the fourth quarter. State Street Corp now owns 29,613,438 shares of the transportation company’s stock valued at $6,347,344,000 after buying an additional 403,504 shares during the last quarter. Northern Trust Corp grew its stake in shares of United Parcel Service by 0.6% during the first quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock valued at $1,988,777,000 after buying an additional 54,401 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of United Parcel Service by 4.4% during the fourth quarter. Invesco Ltd. now owns 8,735,713 shares of the transportation company’s stock valued at $1,872,413,000 after buying an additional 370,258 shares during the last quarter. Institutional investors own 59.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UPS shares. JPMorgan Chase & Co. set a $199.00 price objective on United Parcel Service in a research note on Wednesday, September 7th. Wells Fargo & Company dropped their price objective on United Parcel Service from $270.00 to $223.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Stephens dropped their price objective on United Parcel Service to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Raymond James dropped their price objective on United Parcel Service from $250.00 to $225.00 in a research note on Friday, July 15th. Finally, Daiwa Capital Markets increased their price objective on United Parcel Service to $207.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.82.

Insiders Place Their Bets

In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares of the company’s stock, valued at approximately $20,980,885.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares of the company’s stock, valued at approximately $20,980,885.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $176.71 on Monday. The firm has a market capitalization of $153.50 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47. The business has a fifty day moving average of $194.11 and a 200 day moving average of $191.22. United Parcel Service, Inc. has a 1 year low of $165.34 and a 1 year high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last issued its earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.15. The company had revenue of $24.80 billion during the quarter, compared to analyst estimates of $24.59 billion. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 12.85 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Friday, August 12th. United Parcel Service’s dividend payout ratio is currently 48.84%.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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