Buffington Mohr McNeal bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,315 shares of the transportation company’s stock, valued at approximately $256,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after acquiring an additional 1,030,326 shares during the period. BlackRock Inc. lifted its stake in shares of United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. Wellington Management Group LLP lifted its stake in shares of United Parcel Service by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after acquiring an additional 1,117,802 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of United Parcel Service by 5.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after acquiring an additional 1,246,981 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of United Parcel Service by 10.0% in the 1st quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after acquiring an additional 593,756 shares during the period. Institutional investors own 52.86% of the company’s stock.

UPS has been the subject of several recent analyst reports. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating for the company. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $115.27.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.79% during midday trading on Thursday, hitting $119.56. 701,163 shares of the company’s stock traded hands. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The company has a 50 day moving average of $114.04 and a 200-day moving average of $109.26. The company has a market capitalization of $103.54 billion, a PE ratio of 29.40 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 (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 net margin of 5.68% and a return on equity of 417.18%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. Equities research analysts predict 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 was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

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In related news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the company’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 transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently 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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