Equity Investment Corp Acquisition Inc decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 838,449 shares of the transportation company’s stock after selling 39,545 shares during the quarter. United Parcel Service accounts for about 3.2% of Equity Investment Corp Acquisition Inc’s holdings, making the stock its 17th biggest holding. Equity Investment Corp Acquisition Inc owned about 0.10% of United Parcel Service worth $92,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. BlackRock Inc. boosted 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 purchasing an additional 43,351,873 shares during the period. Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 4,340,971 shares during the period. Federated Investors Inc. PA boosted its stake in shares of United Parcel Service by 2,005.9% in the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after purchasing an additional 1,446,749 shares during the period. Massachusetts Financial Services Co. MA boosted its stake 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 purchasing an additional 1,246,981 shares during the period. Finally, Wellington Management Group LLP boosted its stake 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 purchasing an additional 1,117,802 shares during the period. 52.86% of the stock is owned by institutional investors and hedge funds.

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In other news, insider James J. Barber sold 3,556 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 118.15 on Thursday. The firm’s 50-day moving average is $117.47 and its 200-day moving average is $111.06. The firm has a market cap of $102.31 billion, a PE ratio of 29.05 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.

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

Several research analysts have recently commented on UPS shares. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $117.25.

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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