BRYN MAWR TRUST Co Decreases Stake in United Parcel Service, Inc. (UPS)

BRYN MAWR TRUST Co reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,767 shares of the transportation company’s stock after selling 676 shares during the quarter. United Parcel Service makes up approximately 1.1% of BRYN MAWR TRUST Co’s holdings, making the stock its 20th biggest position. BRYN MAWR TRUST Co’s holdings in United Parcel Service were worth $18,665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wisconsin Investment Board grew its stake in shares of United Parcel Service by 50.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after acquiring an additional 239,350 shares in the last quarter. Brookstone Capital Management grew its stake in shares of United Parcel Service by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after acquiring an additional 4,541 shares in the last quarter. Bank of The Ozarks grew its stake in shares of United Parcel Service by 17.9% during the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after acquiring an additional 886 shares in the last quarter. Wesbanco Bank Inc. grew its stake in shares of United Parcel Service by 9.4% during the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of United Parcel Service by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after acquiring an additional 1,030,326 shares in the last quarter. 53.07% of the stock is owned by institutional investors.

United Parcel Service, Inc. (NYSE:UPS) opened at $114.81 on Tuesday. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month 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 $97,573.69, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.04 and a beta of 0.92.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.

UPS has been the subject of several recent analyst reports. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a report on Friday, October 6th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Robert W. Baird reissued a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Friday, August 25th. Finally, J P Morgan Chase & Co increased their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $120.74.

COPYRIGHT VIOLATION NOTICE: “BRYN MAWR TRUST Co Decreases Stake in United Parcel Service, Inc. (UPS)” was originally posted by Stock Observer and is the property of of Stock Observer. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.thestockobserver.com/2017/11/14/bryn-mawr-trust-co-decreases-stake-in-united-parcel-service-inc-ups.html.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.

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

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply