United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Brookmont Capital Management

Brookmont Capital Management lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,118 shares of the transportation company’s stock after selling 3,444 shares during the quarter. United Parcel Service makes up approximately 3.3% of Brookmont Capital Management’s holdings, making the stock its 13th biggest holding. Brookmont Capital Management’s holdings in United Parcel Service were worth $8,639,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First PREMIER Bank increased its position in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in United Parcel Service in the 1st quarter valued at about $126,000. Winslow Evans & Crocker Inc. increased its position in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares in the last quarter. Parkside Financial Bank & Trust increased its position in United Parcel Service by 14.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Finally, Security National Trust Co. increased its position in United Parcel Service by 3.9% in the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded down $2.08 during trading on Wednesday, reaching $118.29. 3,346,489 shares of the company traded hands, compared to its average volume of 2,719,656. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $125.16. The company has a market cap of $106,613.23, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the firm earned $1.44 EPS. United Parcel Service’s quarterly revenue was up 7.0% compared to the same quarter last year. research analysts anticipate that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a dividend of $0.83 per share. The ex-dividend date was Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 81.37%.

Several equities research analysts have weighed in on UPS shares. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Goldman Sachs Group began coverage on shares of United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Finally, Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $135.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $121.45.

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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.

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

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