Oakbrook Investments LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,954 shares of the transportation company’s stock, valued at approximately $3,091,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BTIM Corp. boosted its position in United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock worth $50,501,000 after buying an additional 7,066 shares in the last quarter. Bank of The Ozarks boosted its position in United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after buying an additional 886 shares in the last quarter. Honeywell International Inc. boosted its position in United Parcel Service by 108.6% in the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock worth $43,199,000 after buying an additional 209,600 shares in the last quarter. Airain ltd acquired a new position in United Parcel Service during the first quarter worth about $762,000. Finally, PGGM Investments acquired a new position in United Parcel Service during the first quarter worth about $47,685,000. Hedge funds and other institutional investors own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down 0.49% during mid-day trading on Thursday, hitting $111.03. The stock had a trading volume of 695,550 shares. The stock has a market cap of $96.15 billion, a P/E ratio of 27.30 and a beta of 0.88. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The firm has a 50 day moving average price of $110.96 and a 200-day moving average price of $108.07.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

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UPS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. BidaskClub cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $114.79.

In other news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on 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.

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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