Summit Global Investments maintained its stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,380 shares of the transportation company’s stock at the close of the first quarter. Summit Global Investments’ holdings in United Parcel Service were worth $363,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares in the last quarter. BlackRock Inc. raised its stake in shares of United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of United Parcel Service by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after acquiring an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of United Parcel Service by 5.4% in the 1st 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 acquiring an additional 1,246,981 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of United Parcel Service by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 6,357,684 shares of the transportation company’s stock valued at $681,152,000 after acquiring an additional 431,462 shares in the last quarter. 52.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (NYSE UPS) traded down 0.38% during mid-day trading on Wednesday, hitting $116.71. The stock had a trading volume of 662,593 shares. The stock has a 50 day moving average of $112.93 and a 200-day moving average of $108.78. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The stock has a market capitalization of $101.07 billion, a P/E ratio of 28.70 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.83%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

A number of research analysts recently weighed in on UPS shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Seaport Global Securities started coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Finally, Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $114.80.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction 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. 0.59% of the stock is owned by company insiders.

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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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