Moody National Bank Trust Division cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,387 shares of the transportation company’s stock after selling 25 shares during the quarter. Moody National Bank Trust Division’s holdings in United Parcel Service were worth $1,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in UPS. BlackRock Inc. grew its position in shares of United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after buying an additional 4,340,971 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Wellington Management Group LLP grew its position in shares of United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. 52.94% of the stock is owned by institutional investors and hedge funds.

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Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 117.35 on Friday. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a market capitalization of $101.62 billion, a P/E ratio of 28.85 and a beta of 0.88. The stock has a 50 day moving average price of $113.33 and a 200 day moving average price of $108.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a $0.83 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.83%. United Parcel Service’s payout ratio is 81.57%.

In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Barber sold 3,556 shares of United Parcel Service 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. 0.59% of the stock is currently owned by company insiders.

UPS has been the subject of a number of research analyst reports. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Seaport Global Securities initiated coverage on United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating for the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a report on Tuesday, August 15th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a report on Friday, May 19th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $114.80.

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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