ING Groep NV boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 356.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,253 shares of the transportation company’s stock after buying an additional 150,095 shares during the period. ING Groep NV’s holdings in United Parcel Service were worth $21,261,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LGT Capital Partners LTD. raised its position in shares of United Parcel Service by 13.9% in the second quarter. LGT Capital Partners LTD. now owns 134,560 shares of the transportation company’s stock worth $14,881,000 after buying an additional 16,440 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of United Parcel Service by 2.4% in the second quarter. Moloney Securities Asset Management LLC now owns 24,718 shares of the transportation company’s stock worth $2,734,000 after buying an additional 582 shares during the last quarter. Clarkston Capital Partners LLC raised its position in shares of United Parcel Service by 3.6% in the second quarter. Clarkston Capital Partners LLC now owns 198,929 shares of the transportation company’s stock worth $22,000,000 after buying an additional 6,910 shares during the last quarter. Lodestar Investment Counsel LLC IL raised its position in shares of United Parcel Service by 0.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 73,863 shares of the transportation company’s stock worth $8,169,000 after buying an additional 501 shares during the last quarter. Finally, Vontobel Swiss Wealth Advisors AG raised its position in shares of United Parcel Service by 16.0% in the second quarter. Vontobel Swiss Wealth Advisors AG now owns 10,997 shares of the transportation company’s stock worth $1,216,000 after buying an additional 1,520 shares during the last quarter. Hedge funds and other institutional investors own 52.93% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) traded up 0.59% during mid-day trading on Wednesday, reaching $115.57. The company had a trading volume of 876,356 shares. The firm has a market capitalization of $100.08 billion, a price-to-earnings ratio of 28.42 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. The stock has a 50 day moving average of $112.04 and a 200-day moving average of $108.21.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The firm had revenue of $15.75 billion for 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 company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. Equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s payout ratio is 81.57%.

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A number of research analysts have commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research report on Friday, August 25th. Credit Suisse Group restated a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $114.80.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction dated Tuesday, August 22nd. The shares were 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. Insiders have sold a total of 23,255 shares of company stock worth $2,628,619 in the last ninety days. Insiders own 0.59% of the company’s stock.

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.

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

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