Seaward Management Limited Partnership raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,403 shares of the transportation company’s stock after buying an additional 2,755 shares during the period. Seaward Management Limited Partnership’s holdings in United Parcel Service were worth $17,103,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake 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 increased its stake 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 valued at $465,797,000 after buying an additional 4,340,971 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake 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 valued at $2,606,905,000 after buying an additional 1,246,981 shares during the last quarter. Wellington Management Group LLP increased its stake 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 valued at $3,153,291,000 after buying an additional 1,117,802 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake 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 valued at $5,058,196,000 after buying an additional 1,030,326 shares during the last quarter. Institutional investors own 52.90% of the company’s stock.

United Parcel Service, Inc. (UPS) traded down 0.44% on Thursday, hitting $114.26. The stock had a trading volume of 790,765 shares. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The company’s 50 day moving average is $111.41 and its 200-day moving average is $107.95. The stock has a market cap of $98.95 billion, a P/E ratio of 28.09 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (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 the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. Analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.89%. United Parcel Service’s dividend payout ratio is currently 81.57%.

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Several brokerages have issued reports on UPS. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 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 stock. The company has a consensus rating of “Hold” and an average price target of $114.57.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James J. Barber sold 3,556 shares of the 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 disclosure for this sale can be found here. Corporate 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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