United Parcel Service, Inc. (NYSE:UPS) was the target of some unusual options trading on Thursday. Traders acquired 17,870 call options on the company. This represents an increase of 306% compared to the typical volume of 4,397 call options.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction on 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. Corporate insiders own 0.59% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after purchasing an additional 1,262,293 shares in the last quarter. BlackRock Inc. boosted its stake 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 valued at $4,834,013,000 after purchasing an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $3,153,291,000 after purchasing an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $2,606,905,000 after purchasing an additional 1,246,981 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after purchasing an additional 71,666 shares in the last quarter. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service (NYSE UPS) opened at 117.70 on Friday. The stock’s 50 day moving average is $116.45 and its 200-day moving average is $110.33. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $120.80. The company has a market cap of $101.92 billion, a PE ratio of 28.94 and a beta of 0.90.

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 analysts’ consensus estimates of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. Equities research analysts predict that United Parcel Service will post $6.01 EPS for the current fiscal year.

UPS has been the subject of a number of recent research reports. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $117.00.

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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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