CIBC Asset Management Inc grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 280.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 359,441 shares of the transportation company’s stock after acquiring an additional 265,038 shares during the quarter. CIBC Asset Management Inc’s holdings in United Parcel Service were worth $39,751,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of 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 acquiring an additional 4 shares during the period. Weatherly Asset Management L. P. boosted its position in shares of 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 acquiring an additional 15 shares during the period. Founders Capital Management boosted its position in shares of United Parcel Service by 0.3% in the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC boosted its position in shares of United Parcel Service by 0.8% in the second quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 17 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its position in shares of 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 acquiring an additional 18 shares during the period. 52.94% of the stock is owned by institutional investors.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

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UPS has been the subject of a number of recent research reports. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $114.80.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 117.90 on Friday. The company’s 50-day moving average is $113.62 and its 200 day moving average is $109.06. The company has a market cap of $102.10 billion, a PE ratio of 28.99 and a beta of 0.88. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The business 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

United Parcel Service 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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