Heritage Wealth Advisors Buys 1,045 Shares of United Parcel Service, Inc. (UPS)

Heritage Wealth Advisors boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,101 shares of the transportation company’s stock after purchasing an additional 1,045 shares during the period. United Parcel Service accounts for about 0.8% of Heritage Wealth Advisors’ investment portfolio, making the stock its 28th biggest holding. Heritage Wealth Advisors’ holdings in United Parcel Service were worth $1,564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. V Wealth Management LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $102,000. Parkside Financial Bank & Trust boosted its position in United Parcel Service by 17.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 160 shares during the last quarter. First PREMIER Bank boosted its position in United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in United Parcel Service during the first quarter valued at approximately $126,000. Finally, Security National Trust Co. boosted its position in United Parcel Service by 8.9% during the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 102 shares during the last quarter. 52.94% of the stock is owned by hedge funds and other institutional investors.

UPS has been the subject of several recent research reports. Seaport Global Securities initiated coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Robert W. Baird reissued a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $114.80.

In related news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.

United Parcel Service, Inc. (NYSE UPS) opened at 117.90 on Monday. The company has a market cap of $102.10 billion, a price-to-earnings ratio of 28.99 and a beta of 0.88. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The stock’s 50 day moving average price is $113.62 and its 200-day moving average price is $109.06.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share 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 firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were paid a $0.83 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.82%. United Parcel Service’s payout ratio is 81.57%.

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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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