Whittier Trust Co. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,259 shares of the transportation company’s stock after selling 259 shares during the period. Whittier Trust Co.’s holdings in United Parcel Service were worth $6,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UPS. 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 valued at $4,834,013,000 after buying an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of 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 valued at $465,797,000 after buying an additional 4,340,971 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of 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 valued at $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Wellington Management Group LLP raised its position in shares of 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 valued at $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of 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 valued at $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. Institutional investors own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.160% during midday trading on Wednesday, reaching $112.069. 710,511 shares of the company traded hands. The stock has a market capitalization of $96.94 billion, a price-to-earnings ratio of 27.556 and a beta of 0.88. The company’s 50 day moving average is $110.81 and its 200-day moving average is $108.17. 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 posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.97%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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UPS has been the topic of several recent analyst reports. Seaport Global Securities initiated coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Sanford C. Bernstein restated an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a report on Monday, July 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $114.79.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by 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. 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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