Williams Jones & Associates LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,015 shares of the transportation company’s stock after selling 313 shares during the quarter. Williams Jones & Associates LLC’s holdings in United Parcel Service were worth $5,863,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UPS. BlackRock Inc. lifted its holdings in 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 in the last quarter. Lazard Asset Management LLC lifted its stake in shares of United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after purchasing an additional 4,340,971 shares during the period. Federated Investors Inc. PA lifted its stake in shares of United Parcel Service by 2,005.9% in the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after purchasing an additional 1,446,749 shares during the period. Parametric Portfolio Associates LLC raised its position in United Parcel Service by 119.6% during the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after acquiring an additional 1,419,245 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after acquiring an additional 1,262,293 shares during the last quarter. Institutional investors own 53.11% of the company’s stock.

A number of equities analysts have issued reports on UPS shares. J P Morgan Chase & Co lifted their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Loop Capital lifted their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Friday, October 6th. Credit Suisse Group restated a “hold” rating and set a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $120.74.

United Parcel Service, Inc. (NYSE:UPS) traded down $0.63 during trading on Friday, reaching $113.14. 891,718 shares of the company were exchanged, compared to its average volume of 2,619,229. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75. The stock has a market capitalization of $98,039.02, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.04 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. United Parcel Service’s revenue was up 7.0% compared to the same quarter last year. analysts anticipate that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a $0.83 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.93%. United Parcel Service’s payout ratio is 81.37%.

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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.

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

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