Taylor Cottrill Erickson & Associates Inc. purchased a new stake in shares of United Parcel Service Inc. (NYSE:UPS) during the second quarter, Holdings Channel reports. The fund purchased 3,332 shares of the company’s stock, valued at approximately $359,000.

Several other institutional investors also recently bought and sold shares of UPS. Boston Partners raised its stake in United Parcel Service by 351.3% in the second quarter. Boston Partners now owns 2,498,630 shares of the company’s stock valued at $269,152,000 after buying an additional 1,944,957 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in United Parcel Service during the second quarter valued at about $133,157,000. TIAA CREF Investment Management LLC raised its stake in United Parcel Service by 34.3% in the first quarter. TIAA CREF Investment Management LLC now owns 4,199,444 shares of the company’s stock valued at $442,915,000 after buying an additional 1,072,738 shares during the last quarter. Bank of Montreal Can acquired a new stake in United Parcel Service during the second quarter valued at about $81,298,000. Finally, Prudential Financial Inc. raised its stake in United Parcel Service by 69.6% in the first quarter. Prudential Financial Inc. now owns 1,807,444 shares of the company’s stock valued at $190,631,000 after buying an additional 741,580 shares during the last quarter. Institutional investors and hedge funds own 53.29% of the company’s stock.

United Parcel Service Inc. (NYSE:UPS) traded up 1.33% during mid-day trading on Tuesday, reaching $108.54. 1,519,642 shares of the company were exchanged. The company’s 50 day moving average price is $108.96 and its 200-day moving average price is $106.00. The stock has a market capitalization of $95.31 billion, a price-to-earnings ratio of 19.51 and a beta of 0.91. United Parcel Service Inc. has a 12-month low of $87.30 and a 12-month high of $111.83.

United Parcel Service (NYSE:UPS) last released its earnings results on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.43. The business earned $14.60 billion during the quarter, compared to the consensus estimate of $14.65 billion. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 earnings per share. On average, equities research analysts forecast that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, August 12th. United Parcel Service’s dividend payout ratio (DPR) is currently 56.01%.

UPS has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Parcel Service in a research note on Thursday, May 26th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Wednesday, June 29th. Citigroup Inc. reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Thursday, June 30th. Morgan Stanley set a $91.00 target price on shares of United Parcel Service and gave the stock a “sell” rating in a research report on Monday, August 1st. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $116.00 target price (up previously from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $109.23.

In other news, insider James J. Barber sold 2,268 shares of United Parcel Service stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $109.79, for a total value of $249,003.72. Following the completion of the transaction, the insider now owns 31,418 shares of the company’s stock, valued at approximately $3,449,382.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

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