Barrett Asset Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,943 shares of the transportation company’s stock after selling 350 shares during the quarter. Barrett Asset Management LLC’s holdings in United Parcel Service were worth $10,942,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UPS. Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after purchasing an additional 1,030,326 shares during the last quarter. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Wellington Management Group LLP raised its holdings in shares of 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. Massachusetts Financial Services Co. MA raised its holdings in shares of 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. Finally, Clearbridge Investments LLC raised its holdings in shares of United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock valued at $699,640,000 after buying an additional 593,756 shares during the last quarter. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of United Parcel Service, Inc. (NYSE UPS) opened at 119.71 on Wednesday. The company has a market cap of $103.67 billion, a P/E ratio of 29.43 and a beta of 0.90. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.80. The company has a 50-day moving average price of $116.08 and a 200-day moving average price of $110.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale 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 company’s stock in a transaction dated 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. Company insiders own 0.59% of the company’s stock.

A number of equities research analysts have commented on UPS shares. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Finally, Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $115.27.

United Parcel Service 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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