Hartford Investment Management Co. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,783 shares of the transportation company’s stock after selling 8,340 shares during the period. Hartford Investment Management Co.’s holdings in United Parcel Service were worth $17,560,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased 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 increased 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 increased 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 increased 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. increased 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. Institutional investors and hedge funds own 52.93% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.49% on Friday, hitting $114.92. 596,477 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 stock has a market cap of $99.52 billion, a price-to-earnings ratio of 28.26 and a beta of 0.88. The company’s 50 day moving average price is $112.51 and its 200-day moving average price is $108.44.

United Parcel Service (NYSE:UPS) last released 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. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the company earned $1.43 EPS. United Parcel Service’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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Several equities analysts recently commented on UPS shares. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note 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. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $114.80.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,255 shares of company stock worth $2,628,619. 0.59% of the stock is owned by corporate 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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