Rench Wealth Management Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,207 shares of the transportation company’s stock after purchasing an additional 175 shares during the quarter. Rench Wealth Management Inc.’s holdings in United Parcel Service were worth $1,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in shares of United Parcel Service by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management lifted its position in shares of United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC lifted its position in shares of United Parcel Service by 0.8% during the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 17 shares during the period. Guardian Life Insurance Co. of America lifted its position in shares of United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 18 shares during the period. Finally, Conservest Capital Advisors Inc. lifted its position in shares of United Parcel Service by 0.8% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 53.07% of the company’s stock.

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United Parcel Service, Inc. (NYSE UPS) opened at $113.70 on Friday. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $121.75. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $97,280.70, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.92%. United Parcel Service’s payout ratio is presently 81.37%.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.

UPS has been the subject of a number of recent analyst reports. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Finally, Robert W. Baird reiterated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $120.74.

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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