TIAA CREF Trust Co. FSB MO decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 12,624 shares of the transportation company’s stock after selling 419 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in United Parcel Service were worth $1,355,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in United Parcel Service by 4.0% in the fourth quarter. State Street Corp now owns 28,520,469 shares of the transportation company’s stock worth $3,269,589,000 after buying an additional 1,107,157 shares in the last quarter. FMR LLC increased its position in United Parcel Service by 6.9% in the fourth quarter. FMR LLC now owns 15,510,332 shares of the transportation company’s stock worth $1,778,104,000 after buying an additional 1,005,022 shares in the last quarter. Norges Bank bought a new position in United Parcel Service during the fourth quarter worth $696,564,000. Loomis Sayles & Co. L P increased its position in United Parcel Service by 5.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 5,519,845 shares of the transportation company’s stock worth $632,795,000 after buying an additional 262,555 shares in the last quarter. Finally, Parnassus Investments CA increased its position in United Parcel Service by 4.5% in the first quarter. Parnassus Investments CA now owns 4,749,069 shares of the transportation company’s stock worth $493,178,000 after buying an additional 204,506 shares in the last quarter. 53.67% of the stock is currently owned by institutional investors.

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

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 110.59 on Friday. The company’s 50-day moving average is $106.48 and its 200-day moving average is $109.41. The firm has a market capitalization of $95.97 billion, a price-to-earnings ratio of 28.25 and a beta of 0.89. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The business had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.19 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. United Parcel Service’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, May 11th. United Parcel Service’s dividend payout ratio (DPR) is currently 84.69%.

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Several equities research analysts have recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating for the company. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price objective on shares of United Parcel Service in a research report on Wednesday, February 22nd. Bank of America Corporation lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 price objective for the company. in a research report on Wednesday, February 22nd. Morgan Stanley dropped their price objective on shares of United Parcel Service to $77.00 in a research report on Wednesday, February 22nd. Finally, Wells Fargo & Company assumed coverage on shares of United Parcel Service in a research report on Monday, March 13th. They issued a “market perform” rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $114.00.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.59% of the company’s stock.

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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