Clearbridge Investments LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,520,411 shares of the transportation company’s stock after buying an additional 593,756 shares during the period. United Parcel Service accounts for approximately 0.7% of Clearbridge Investments LLC’s portfolio, making the stock its 28th largest position. Clearbridge Investments LLC owned 0.75% of United Parcel Service worth $699,640,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Atria Investments LLC increased its stake in shares of United Parcel Service by 69.4% in the first quarter. Atria Investments LLC now owns 55,783 shares of the transportation company’s stock worth $5,986,000 after buying an additional 22,850 shares in the last quarter. Integrated Wealth Management increased its stake in shares of United Parcel Service by 1.1% in the first quarter. Integrated Wealth Management now owns 49,145 shares of the transportation company’s stock worth $5,273,000 after buying an additional 533 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of United Parcel Service by 4.5% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,438 shares of the transportation company’s stock worth $691,000 after buying an additional 275 shares in the last quarter. Baldwin Brothers Inc. MA increased its stake in shares of United Parcel Service by 29,644.9% in the first quarter. Baldwin Brothers Inc. MA now owns 92,804 shares of the transportation company’s stock worth $9,958,000 after buying an additional 92,492 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of United Parcel Service by 1.4% in the first quarter. Eastern Bank now owns 27,305 shares of the transportation company’s stock worth $2,930,000 after buying an additional 389 shares in the last quarter. 52.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.81% on Friday, hitting $113.84. 782,781 shares of the stock traded hands. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.44. The firm has a 50 day moving average price of $111.49 and a 200 day moving average price of $107.98. The firm has a market cap of $98.58 billion, a PE ratio of 27.99 and a beta of 0.88.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.94%. United Parcel Service’s payout ratio is presently 81.57%.

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A number of equities research analysts recently weighed in on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research note on Friday, May 19th. Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target 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 given a hold rating and six have issued a buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $114.57.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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.

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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