Beacon Trust Co. Has $6.46 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Beacon Trust Co. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 61,119 shares of the transportation company’s stock after buying an additional 262 shares during the period. Beacon Trust Co.’s holdings in United Parcel Service were worth $6,464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. First PREMIER Bank boosted its stake in shares of 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. Tompkins Financial Corp boosted its stake in shares of 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. SRS Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $125,000. Parkside Financial Bank & Trust boosted its stake in shares of 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, Security National Trust Co. boosted its stake in shares of 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 last quarter. Institutional investors and hedge funds own 53.20% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at 112.05 on Monday. 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 $110.66 and its 200-day moving average price is $108.10. The firm has a market capitalization of $96.92 billion, a price-to-earnings ratio of 27.55 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $15.49 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors 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 2.96%. United Parcel Service’s dividend payout ratio is presently 81.57%.

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Several brokerages recently commented on UPS. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Seaport Global Securities assumed coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating on the stock. Finally, Cowen and Company restated a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.77.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

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.