Dorsey & Whitney Trust CO LLC Has $7.78 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Dorsey & Whitney Trust CO LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,316 shares of the transportation company’s stock after selling 1,066 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in United Parcel Service were worth $7,783,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Stanley raised its holdings in United Parcel Service by 1.3% in the 2nd quarter. Morgan Stanley now owns 2,720,825 shares of the transportation company’s stock valued at $565,850,000 after acquiring an additional 34,323 shares in the last quarter. Herold Advisors Inc. acquired a new position in shares of United Parcel Service in the 3rd quarter worth approximately $124,000. Van ECK Associates Corp raised its holdings in shares of United Parcel Service by 2.0% in the 3rd quarter. Van ECK Associates Corp now owns 13,616 shares of the transportation company’s stock worth $2,479,000 after buying an additional 271 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of United Parcel Service by 21.8% in the 3rd quarter. Larson Financial Group LLC now owns 593 shares of the transportation company’s stock worth $108,000 after buying an additional 106 shares in the last quarter. Finally, Berkeley Capital Partners LLC raised its holdings in shares of United Parcel Service by 5.5% in the 3rd quarter. Berkeley Capital Partners LLC now owns 1,504 shares of the transportation company’s stock worth $274,000 after buying an additional 78 shares in the last quarter. 56.81% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on UPS shares. Raymond James dropped their target price on United Parcel Service from $275.00 to $250.00 and set a “strong-buy” rating for the company in a report on Wednesday. The Goldman Sachs Group set a $248.00 target price on United Parcel Service in a report on Tuesday, February 1st. Barclays dropped their target price on United Parcel Service from $245.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $262.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. Finally, Oppenheimer decreased their price target on United Parcel Service from $249.00 to $217.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $226.00.

Shares of NYSE:UPS traded down $10.18 during midday trading on Friday, hitting $179.98. The company had a trading volume of 4,853,527 shares, compared to its average volume of 3,586,405. United Parcel Service, Inc. has a 12 month low of $177.13 and a 12 month high of $233.72. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.28. The stock has a market cap of $156.65 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.63 and a beta of 1.11. The firm has a fifty day simple moving average of $203.21 and a 200 day simple moving average of $206.96.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.17. The business had revenue of $24.40 billion for the quarter, compared to analyst estimates of $23.80 billion. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.77 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 12.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Tuesday, February 22nd were paid a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.02. United Parcel Service’s dividend payout ratio (DPR) is presently 49.63%.

In other United Parcel Service news, insider Laura J. Lane sold 6,988 shares of United Parcel Service stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $208.28, for a total value of $1,455,460.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Philippe R. Gilbert sold 3,897 shares of United Parcel Service stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total value of $839,296.89. The disclosure for this sale can be found here. Insiders have sold a total of 29,558 shares of company stock worth $6,491,514 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

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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