Schwab Charles Investment Management Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,320,960 shares of the transportation company’s stock after buying an additional 164,438 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.38% of United Parcel Service worth $367,265,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Hussman Strategic Advisors Inc. bought a new position in shares of United Parcel Service in the first quarter valued at $2,683,000. Parnassus Investments CA increased its holdings in shares of United Parcel Service by 4.5% in the first quarter. Parnassus Investments CA now owns 4,749,069 shares of the transportation company’s stock valued at $493,178,000 after buying an additional 204,506 shares in the last quarter. Tyers Asset Management LLC increased its holdings in shares of United Parcel Service by 34.9% in the first quarter. Tyers Asset Management LLC now owns 9,350 shares of the transportation company’s stock valued at $1,003,000 after buying an additional 2,420 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of United Parcel Service by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,003,884 shares of the transportation company’s stock valued at $215,017,000 after buying an additional 5,197 shares in the last quarter. Finally, Strategic Financial Group LLC increased its holdings in shares of United Parcel Service by 13.6% in the first quarter. Strategic Financial Group LLC now owns 54,210 shares of the transportation company’s stock valued at $5,817,000 after buying an additional 6,500 shares in the last quarter. 52.86% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/schwab-charles-investment-management-inc-boosts-holdings-in-united-parcel-service-inc-ups/1611599.html.

Several research analysts have issued reports on UPS shares. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $115.27.

United Parcel Service, Inc. (UPS) opened at 118.20 on Friday. The stock’s 50 day moving average is $116.32 and its 200 day moving average is $110.25. The stock has a market capitalization of $102.36 billion, a PE ratio of 29.06 and a beta of 0.90. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.80. United Parcel Service also was the target of unusually large options trading activity on Wednesday. Stock investors bought 8,546 put options on the company. This represents an increase of 417% compared to the average volume of 1,652 put options.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.

In related news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was 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. Company 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)

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.