Cigna Investments Inc. New lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,646 shares of the transportation company’s stock after selling 1,843 shares during the quarter. Cigna Investments Inc. New’s holdings in United Parcel Service were worth $2,947,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after buying an additional 5 shares in the last quarter. Founders Capital Management boosted its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after purchasing an additional 15 shares in the last quarter. Bollard Group LLC boosted its holdings in shares of United Parcel Service by 0.8% in the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 18 shares in the last quarter. Finally, Conservest Capital Advisors Inc. boosted its holdings in shares of United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 23 shares in the last quarter. 52.86% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider James J. Barber sold 3,556 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was 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. 0.59% of the stock is currently owned by insiders.

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United Parcel Service, Inc. (UPS) opened at 119.00 on Thursday. The stock has a 50 day moving average price of $116.22 and a 200-day moving average price of $110.20. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.80. The company has a market capitalization of $103.05 billion, a PE ratio of 29.26 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 8.79% and a return on equity of 624.08%. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

UPS has been the topic of a number of research analyst reports. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. United Parcel Service has an average rating of “Hold” and an average price target 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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