Fulton Bank N.A. Has $1.45 Million Holdings in United Parcel Service, Inc. (UPS)

Fulton Bank N.A. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,076 shares of the transportation company’s stock after purchasing an additional 1,972 shares during the period. Fulton Bank N.A.’s holdings in United Parcel Service were worth $1,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First PREMIER Bank lifted its stake 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 worth $116,000 after purchasing an additional 50 shares during the period. Ullmann Financial Group Inc. bought a new position in United Parcel Service during the first quarter worth about $126,000. Parkside Financial Bank & Trust lifted its stake in United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after purchasing an additional 153 shares during the period. Winslow Evans & Crocker Inc. lifted its stake in United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares during the period. Finally, Security National Trust Co. lifted its stake in United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 53.67% of the company’s stock.

United Parcel Service, Inc. (UPS) traded up $3.41 during midday trading on Tuesday, hitting $123.72. 4,535,000 shares of the stock traded hands, compared to its average volume of 2,712,831. The firm has a market capitalization of $103,674.73, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $125.16.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio is currently 81.37%.

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

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About United Parcel Service

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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