Balyasny Asset Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1,113.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,500 shares of the transportation company’s stock after purchasing an additional 74,786 shares during the quarter. Balyasny Asset Management LLC’s holdings in United Parcel Service were worth $9,013,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. QS Investors LLC grew its position in shares of United Parcel Service by 23.2% in the 2nd quarter. QS Investors LLC now owns 50,208 shares of the transportation company’s stock worth $5,553,000 after buying an additional 9,443 shares during the last quarter. Frontier Wealth Management LLC grew its position in shares of United Parcel Service by 6.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 4,984 shares of the transportation company’s stock worth $551,000 after buying an additional 300 shares during the last quarter. InterOcean Capital LLC grew its position in shares of United Parcel Service by 104.0% in the 2nd quarter. InterOcean Capital LLC now owns 68,591 shares of the transportation company’s stock worth $7,585,000 after buying an additional 34,965 shares during the last quarter. Cutler Investment Counsel LLC grew its position in shares of United Parcel Service by 1.3% in the 2nd quarter. Cutler Investment Counsel LLC now owns 72,498 shares of the transportation company’s stock worth $8,018,000 after buying an additional 963 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of United Parcel Service by 7.4% in the 2nd quarter. Stifel Financial Corp now owns 579,700 shares of the transportation company’s stock worth $64,099,000 after buying an additional 40,168 shares during the last quarter. Institutional investors and hedge funds own 53.11% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a research report on Monday, November 6th. UBS AG lifted their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Loop Capital lifted their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets lifted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $120.74.

Shares of United Parcel Service, Inc. (UPS) opened at $113.77 on Thursday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $121.75. The company has a market cap of $98,168.28, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. equities research analysts predict that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s payout ratio is 81.37%.

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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.

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

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