Kelly Lawrence W & Associates Inc. CA held its position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the transportation company’s stock at the end of the 2nd quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in United Parcel Service were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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 worth $5,058,196,000 after purchasing an additional 1,030,326 shares during the last quarter. BlackRock Inc. lifted its stake 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 worth $4,834,013,000 after purchasing an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 worth $3,153,291,000 after purchasing an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 worth $2,606,905,000 after purchasing an additional 1,246,981 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake 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 worth $699,640,000 after purchasing an additional 593,756 shares during the last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on UPS. Robert W. Baird reissued a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Sunday. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. 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 stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $115.27.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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United Parcel Service, Inc. (NYSE:UPS) opened at 119.00 on Thursday. The company has a market capitalization of $103.05 billion, a P/E ratio of 29.26 and a beta of 0.90. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.80. The company has a 50-day moving average of $116.22 and a 200-day moving average of $110.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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. United Parcel Service had a net margin of 8.79% and a return on equity of 624.08%. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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.

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

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