Private Advisor Group LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,225 shares of the transportation company’s stock after buying an additional 4,513 shares during the period. Private Advisor Group LLC’s holdings in United Parcel Service were worth $11,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. raised its position in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC raised its position in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock valued at $238,000 after buying an additional 17 shares in the last quarter. Atlas Brown Inc. raised its position in United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares in the last quarter. Finally, Cadence Bank NA raised its position in United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock valued at $272,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 53.26% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 112.68 on Monday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The stock has a 50 day moving average price of $109.86 and a 200-day moving average price of $108.36. The company has a market capitalization of $97.78 billion, a price-to-earnings ratio of 28.78 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. The company had revenue of $15.32 billion for the quarter, compared to analysts’ expectations of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post $5.95 EPS for the current year.

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Several research analysts have recently issued reports on the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Seaport Global Securities assumed coverage on United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a research report on Friday, May 19th. Finally, Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by corporate insiders.

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.

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

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