Prospera Financial Services Inc reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 8,165 shares of the transportation company’s stock after selling 235 shares during the period. Prospera Financial Services Inc’s holdings in United Parcel Service were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the period. Lazard Asset Management LLC raised its position in United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after buying an additional 4,340,971 shares during the period. Massachusetts Financial Services Co. MA raised its position in United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the period. Wellington Management Group LLP raised its position in United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the period. Finally, Vanguard Group Inc. raised its position in United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares during the period. Hedge funds and other institutional investors own 53.10% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded down 0.2110% during midday trading on Monday, hitting $111.8136. 386,742 shares of the company traded hands. The stock has a market cap of $96.72 billion, a P/E ratio of 27.4929 and a beta of 0.88. The stock has a 50 day moving average of $110.66 and a 200 day moving average of $108.10. 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, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the business posted $1.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.96%. United Parcel Service’s dividend payout ratio is currently 81.57%.

TRADEMARK VIOLATION NOTICE: This report was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/07/prospera-financial-services-inc-has-900000-position-in-united-parcel-service-inc-nyseups.html.

Several brokerages have commented on UPS. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $113.77.

In related news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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.