Tradition Capital Management LLC Trims Position in United Parcel Service, Inc. (UPS)

Tradition Capital Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,696 shares of the transportation company’s stock after selling 1,746 shares during the period. Tradition Capital Management LLC’s holdings in United Parcel Service were worth $3,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares during the period. FMR LLC boosted its stake in United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after buying an additional 71,666 shares during the period. Lazard Asset Management LLC boosted its stake in United Parcel Service by 48.1% during the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after buying an additional 2,087,477 shares during the period. Franklin Resources Inc. boosted its stake in United Parcel Service by 10.6% during the second quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock worth $623,198,000 after buying an additional 539,620 shares during the period. Finally, Legal & General Group Plc boosted its stake in United Parcel Service by 3.0% during the third quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock worth $482,280,000 after buying an additional 118,403 shares during the period. Institutional investors own 53.55% of the company’s stock.

Several research analysts have commented on UPS shares. Goldman Sachs Group started coverage on shares of United Parcel Service in a research note on Monday, November 13th. They set a “buy” rating and a $148.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a research note on Tuesday, December 26th. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $135.00 in a research note on Monday, December 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $137.00 price objective on shares of United Parcel Service in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.47.

Shares of United Parcel Service, Inc. (UPS) opened at $106.40 on Friday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $135.53. The stock has a market cap of $91,690.00, a price-to-earnings ratio of 18.97, a PEG ratio of 1.62 and a beta of 0.91. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. sell-side analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 3.42%. United Parcel Service’s dividend payout ratio is 59.18%.

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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.

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

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