BlueCrest Capital Management Ltd reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,755 shares of the transportation company’s stock after selling 27 shares during the period. BlueCrest Capital Management Ltd’s holdings in United Parcel Service were worth $2,764,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC raised its stake in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock valued at $238,000 after buying an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after buying an additional 18 shares in the last quarter. Finally, Fort Pitt Capital Group LLC raised its stake in United Parcel Service by 1.0% in the first quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock valued at $250,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 53.10% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.47% during trading on Friday, hitting $111.44. The stock had a trading volume of 2,077,867 shares. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The firm has a market capitalization of $96.50 billion, a PE ratio of 27.40 and a beta of 0.88. The firm has a 50 day moving average price of $111.07 and a 200-day moving average price of $108.07.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 company 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%. United Parcel Service’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current 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 issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.98%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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Several analysts have issued reports on the company. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Seaport Global Securities assumed coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $115.00 to $128.00 in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two equities research 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’s stock. United Parcel Service has an average rating of “Hold” and a consensus price target of $114.79.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The shares were 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 SEC, which is available at the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction that occurred 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. 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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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