Cambiar Investors LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 584,474 shares of the transportation company’s stock after selling 9,531 shares during the quarter. United Parcel Service accounts for approximately 1.0% of Cambiar Investors LLC’s portfolio, making the stock its 27th largest holding. Cambiar Investors LLC owned about 0.07% of United Parcel Service worth $64,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Lee Financial Co increased its stake in shares of United Parcel Service by 2.3% during the second quarter. Lee Financial Co now owns 9,194 shares of the transportation company’s stock worth $1,017,000 after acquiring an additional 204 shares during the period. CAPROCK Group Inc. increased its stake in shares of United Parcel Service by 7.5% during the second quarter. CAPROCK Group Inc. now owns 17,690 shares of the transportation company’s stock worth $1,956,000 after acquiring an additional 1,228 shares during the period. Nwam LLC increased its stake in shares of United Parcel Service by 2.6% during the second quarter. Nwam LLC now owns 1,937 shares of the transportation company’s stock worth $214,000 after acquiring an additional 49 shares during the period. Heritage Wealth Advisors increased its stake in shares of United Parcel Service by 8.0% during the second quarter. Heritage Wealth Advisors now owns 14,101 shares of the transportation company’s stock worth $1,564,000 after acquiring an additional 1,045 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of United Parcel Service by 280.8% during the second quarter. CIBC Asset Management Inc now owns 359,441 shares of the transportation company’s stock worth $39,751,000 after acquiring an additional 265,038 shares during the period. Institutional investors and hedge funds own 52.86% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 116.97 on Wednesday. The stock has a market cap of $101.29 billion, a P/E ratio of 28.76 and a beta of 0.88. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm has a 50 day moving average of $114.04 and a 200 day moving average of $109.26.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were paid a $0.83 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.84%. United Parcel Service’s dividend payout ratio is currently 81.57%.

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In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred 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. Insiders own 0.59% of the company’s stock.

A number of research analysts have recently issued reports on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research note on Monday, July 3rd. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $114.80.

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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