Creative Planning cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,872 shares of the transportation company’s stock after selling 5,930 shares during the period. Creative Planning’s holdings in United Parcel Service were worth $20,777,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares during the last quarter. BlackRock Inc. boosted its holdings in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP boosted its holdings in United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after acquiring an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in United Parcel Service by 5.4% in the first 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 acquiring an additional 1,246,981 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock valued at $699,640,000 after acquiring an additional 593,756 shares during the last quarter. Institutional investors and hedge funds own 52.86% of the company’s stock.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on 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 SEC, which can be accessed through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on 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. Insiders own 0.59% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) traded up 0.35% during trading on Friday, hitting $117.67. The stock had a trading volume of 1,883,335 shares. The stock has a market capitalization of $101.90 billion, a price-to-earnings ratio of 28.93 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. The firm has a 50 day moving average price of $114.04 and a 200-day moving average price of $109.26.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share 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 company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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

UPS has been the topic of a number of research analyst reports. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Two 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. United Parcel Service currently has an average rating of “Hold” and an average price target of $115.27.

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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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