United Parcel Service, Inc. (NYSE:UPS) Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 108.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,106 shares of the transportation company’s stock after buying an additional 39,655 shares during the period. Oppenheimer & Co. Inc.’s holdings in United Parcel Service were worth $8,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 during the last quarter. Lazard Asset Management LLC raised its position in 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 buying an additional 4,340,971 shares during 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 during 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 during the last quarter. Finally, 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 during the last quarter. 53.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (UPS) traded up 0.2019% on Thursday, hitting $111.8053. The stock had a trading volume of 311,281 shares. The firm’s 50 day moving average is $110.96 and its 200-day moving average is $108.07. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The stock has a market capitalization of $96.82 billion, a PE ratio of 27.4909 and a beta of 0.88.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio is currently 81.57%.

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Several research analysts recently weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $114.79.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’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 transaction of $214,980.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James J. Barber sold 3,556 shares of the business’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 disclosure for this sale can be found here. 0.59% of the stock is currently owned by 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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