Bollard Group LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 20.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,506 shares of the transportation company’s stock after buying an additional 939 shares during the period. Bollard Group LLC’s holdings in United Parcel Service were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Perigon Wealth Management LLC raised its stake in United Parcel Service by 2,789.2% in the second quarter. Perigon Wealth Management LLC now owns 2,687 shares of the transportation company’s stock worth $285,000 after buying an additional 2,594 shares in the last quarter. Standard Life Aberdeen plc raised its stake in United Parcel Service by 16.7% in the second quarter. Standard Life Aberdeen plc now owns 279,218 shares of the transportation company’s stock worth $29,667,000 after buying an additional 39,896 shares in the last quarter. Headinvest LLC bought a new position in United Parcel Service in the second quarter worth approximately $5,480,000. Cadence Capital Management LLC raised its stake in United Parcel Service by 23.5% in the second quarter. Cadence Capital Management LLC now owns 90,624 shares of the transportation company’s stock worth $9,627,000 after buying an additional 17,254 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in United Parcel Service by 802.3% in the second quarter. Sun Life Financial INC now owns 17,874 shares of the transportation company’s stock worth $1,899,000 after buying an additional 15,893 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

A number of brokerages recently commented on UPS. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, August 3rd. Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a research note on Thursday, July 26th. Credit Suisse Group boosted their price objective on shares of United Parcel Service from $114.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Morgan Stanley upped their price target on United Parcel Service from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $125.00 price target on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $122.99.

Shares of UPS stock opened at $122.74 on Friday. The firm has a market cap of $105.83 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.83 and a beta of 1.14. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a 12-month low of $101.45 and a 12-month high of $135.53.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. The business had revenue of $17.46 billion for the quarter, compared to the consensus estimate of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. analysts predict that United Parcel Service, Inc. will post 7.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

In other news, insider George Willis sold 4,312 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The disclosure for this sale can be found here. Insiders have sold 8,512 shares of company stock worth $1,031,932 over the last three months. Corporate insiders own 0.56% of the company’s stock.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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