Seaward Management Limited Partnership increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,653 shares of the transportation company’s stock after acquiring an additional 2,250 shares during the period. Seaward Management Limited Partnership’s holdings in United Parcel Service were worth $17,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 1,030,326 shares in the last quarter. BlackRock Inc. increased its position in shares of United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. Wellington Management Group LLP increased its position in shares of United Parcel Service by 4.0% during 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 acquiring an additional 1,117,802 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of United Parcel Service by 5.4% during 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 acquiring an additional 1,246,981 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of United Parcel Service by 10.0% during the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after acquiring an additional 593,756 shares during the period. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

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United Parcel Service, Inc. (NYSE UPS) opened at 119.71 on Wednesday. The firm has a market cap of $103.67 billion, a PE ratio of 29.43 and a beta of 0.90. The stock has a 50 day moving average of $116.08 and a 200 day moving average of $110.14. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80.

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, 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 during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was 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. Corporate insiders own 0.59% of the company’s stock.

A number of research analysts recently issued reports on the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Seaport Global Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Sunday. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $115.27.

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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