United Parcel Service, Inc. (UPS) Shares Obtained by Arcadia Investment Management Corp MI

United Parcel Service, Inc. (UPS) Shares Obtained by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 32.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,773 shares of the transportation company’s stock after buying an additional 920 shares during the period. Arcadia Investment Management Corp MI’s holdings in United Parcel Service were worth $405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. iAB Financial Bank boosted its stake in shares of United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock worth $950,000 after buying an additional 250 shares during the last quarter. First Merchants Corp boosted its stake in shares of United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock worth $746,000 after buying an additional 165 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock worth $20,604,000 after buying an additional 14,075 shares during the last quarter. Trust Co. of Toledo NA OH boosted its stake in shares of United Parcel Service by 1.7% in the third quarter. Trust Co. of Toledo NA OH now owns 14,977 shares of the transportation company’s stock worth $1,638,000 after buying an additional 249 shares during the last quarter. Finally, Oak Associates Ltd. OH boosted its stake in shares of United Parcel Service by 12.3% in the third quarter. Oak Associates Ltd. OH now owns 161,747 shares of the transportation company’s stock worth $17,430,000 after buying an additional 17,683 shares during the last quarter. Institutional investors own 53.19% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at 107.66 on Friday. United Parcel Service, Inc. has a 12-month low of $101.95 and a 12-month high of $120.44. The stock has a market capitalization of $93.42 billion, a PE ratio of 27.50 and a beta of 0.91. The company’s 50-day moving average is $105.69 and its 200 day moving average is $109.85.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The company had revenue of $15.32 billion during the quarter, compared to analysts’ expectations of $15.19 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post $5.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, May 11th. United Parcel Service’s dividend payout ratio is 80.62%.

A number of equities research analysts have recently commented on UPS shares. Morgan Stanley reduced their target price on shares of United Parcel Service to $77.00 in a report on Wednesday, February 22nd. Aegis reaffirmed a “buy” rating on shares of United Parcel Service in a report on Thursday, February 23rd. TheStreet cut shares of United Parcel Service from an “a-” rating to a “c” rating in a report on Thursday, February 2nd. Loop Capital reaffirmed a “hold” rating and issued a $116.00 target price (down from $124.00) on shares of United Parcel Service in a report on Tuesday, February 7th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $110.00 target price on shares of United Parcel Service in a report on Sunday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $114.00.

United Parcel Service Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UPS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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