Physicians Financial Services Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,506 shares of the transportation company’s stock after purchasing an additional 2,655 shares during the quarter. United Parcel Service accounts for approximately 1.4% of Physicians Financial Services Inc.’s investment portfolio, making the stock its 24th biggest position. Physicians Financial Services Inc.’s holdings in United Parcel Service were worth $1,604,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after purchasing an additional 1,030,326 shares during the last quarter. BlackRock Inc. lifted its position in shares of United Parcel Service by 2,550.9% during the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of United Parcel Service by 4.0% during the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of United Parcel Service by 5.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of United Parcel Service by 10.0% during the 1st quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after buying an additional 593,756 shares during the last quarter. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a filing with the SEC, 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 value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company insiders.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 120.79 on Tuesday. The firm has a 50 day moving average price of $115.91 and a 200-day moving average price of $110.05. The company has a market cap of $104.60 billion, a price-to-earnings ratio of 29.70 and a beta of 0.90. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.80.

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

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UPS has been the topic of several research analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price objective 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 set a $123.00 target price (up previously 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 target price on shares of United Parcel Service in a report on Tuesday, August 15th. Finally, Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. United Parcel Service has an average rating of “Hold” and an average target price of $115.27.

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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