Appleton Partners Inc. MA lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,909 shares of the transportation company’s stock after selling 59 shares during the quarter. Appleton Partners Inc. MA’s holdings in United Parcel Service were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted 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 purchasing an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of United Parcel Service by 3,875,867.0% in the 1st quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after purchasing an additional 4,340,971 shares during the last quarter. Massachusetts Financial Services Co. MA boosted 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 purchasing an additional 1,246,981 shares during the last quarter. Wellington Management Group LLP boosted 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 purchasing an additional 1,117,802 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 purchasing an additional 1,030,326 shares during the last quarter. 52.86% of the stock is currently owned by institutional investors.

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Several research analysts have recently issued reports on UPS shares. Seaport Global Securities started coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $115.27.

United Parcel Service, Inc. (NYSE UPS) traded down 0.35% on Thursday, reaching $117.42. 723,423 shares of the company traded hands. The firm has a 50 day moving average of $114.04 and a 200-day moving average of $109.26. The stock has a market capitalization of $101.68 billion, a PE ratio of 28.87 and a beta of 0.88. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The firm also recently declared 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 dividend yield of 2.82%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s payout ratio is 81.57%.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is available through this hyperlink. 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. 0.59% of the stock is currently owned by corporate insiders.

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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