PGGM Investments reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 440,122 shares of the transportation company’s stock after selling 4,287 shares during the period. PGGM Investments owned approximately 0.05% of United Parcel Service worth $48,673,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BTIM Corp. boosted its stake in shares of United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock worth $50,501,000 after buying an additional 7,066 shares during the period. Bank of The Ozarks boosted its stake in shares of United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after buying an additional 886 shares during the period. Honeywell International Inc. boosted its stake in shares of United Parcel Service by 108.6% in the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock worth $43,199,000 after buying an additional 209,600 shares during the period. Airain ltd acquired a new stake in shares of United Parcel Service during the first quarter worth approximately $762,000. Finally, Sei Investments Co. boosted its stake in shares of United Parcel Service by 14.4% in the first quarter. Sei Investments Co. now owns 363,172 shares of the transportation company’s stock worth $38,968,000 after buying an additional 45,829 shares during the period. Institutional investors and hedge funds own 52.90% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) traded down 0.903% during trading on Wednesday, hitting $113.565. 653,807 shares of the stock were exchanged. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a 50 day moving average of $111.68 and a 200-day moving average of $108.03. The company has a market cap of $98.34 billion, a price-to-earnings ratio of 27.924 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates 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 firm earned $1.43 EPS. On average, analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share 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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio is 81.57%.

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Several research firms recently issued reports on UPS. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report 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 report on Monday, July 3rd. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $114.57.

In related news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is owned by 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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