Signaturefd LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.0% during the first quarter, Holdings Channel reports. The institutional investor owned 117,460 shares of the transportation company’s stock after buying an additional 1 shares during the period. United Parcel Service makes up about 1.9% of Signaturefd LLC’s holdings, making the stock its 12th largest position. Signaturefd LLC’s holdings in United Parcel Service were worth $12,603,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position 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 valued at $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. BlackRock Inc. raised its position 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 valued at $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP raised its position 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 valued at $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position 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 valued at $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in United Parcel Service by 7.3% in the first quarter. Geode Capital Management LLC now owns 6,357,684 shares of the transportation company’s stock valued at $681,152,000 after buying an additional 431,462 shares in the last quarter. 53.10% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.47% during midday trading on Friday, reaching $111.44. The company’s stock had a trading volume of 2,077,867 shares. The stock has a 50 day moving average of $111.07 and a 200 day moving average of $108.07. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The firm has a market capitalization of $96.50 billion, a PE ratio of 27.40 and a beta of 0.88.

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 the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.98%. United Parcel Service’s payout ratio is 81.57%.

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UPS has been the topic of several research analyst reports. Seaport Global Securities initiated coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $114.79.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

United Parcel Service Company 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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