ZWJ Investment Counsel Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,224 shares of the transportation company’s stock after buying an additional 781 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in United Parcel Service were worth $799,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. V Wealth Management LLC purchased a new position in shares of United Parcel Service during the 2nd quarter worth $102,000. First PREMIER Bank lifted its stake in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after purchasing an additional 50 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after purchasing an additional 160 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of United Parcel Service during the 1st quarter worth $126,000. Finally, Winslow Evans & Crocker Inc. lifted its stake in shares of United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares during the period. Hedge funds and other institutional investors own 52.86% of the company’s stock.

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In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The shares were 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 link. Also, EVP Alan Gershenhorn sold 17,699 shares of the business’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 disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

UPS has been the topic of a number of recent analyst reports. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Robert W. Baird reissued a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research note on Monday, July 3rd. Finally, Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus price target of $117.25.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 118.36 on Monday. The stock’s 50 day moving average price is $117.23 and its 200 day moving average price is $110.85. The firm has a market capitalization of $102.50 billion, a P/E ratio of 29.10 and a beta of 0.90. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.80.

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

United Parcel Service Company 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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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