MML Investors Services LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,502 shares of the transportation company’s stock after selling 873 shares during the quarter. MML Investors Services LLC’s holdings in United Parcel Service were worth $2,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. BlackRock Inc. boosted its holdings in United Parcel Service by 2,550.9% during the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. Lazard Asset Management LLC raised its position in United Parcel Service by 3,875,867.0% during the 1st 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 in the last quarter. Federated Investors Inc. PA raised its position in United Parcel Service by 2,005.9% during the 2nd 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 in the last quarter. Vanguard Group Inc. raised its position in United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after purchasing an additional 1,262,293 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in United Parcel Service by 5.4% during the 1st 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 in the last quarter. Institutional investors own 53.07% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at $112.89 on Thursday. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75. The company has a market capitalization of $98,297.54, a price-to-earnings ratio of 19.08, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the company posted $1.44 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. research analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s dividend payout ratio is currently 81.37%.

UPS has been the subject of a number of research analyst reports. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) initiated coverage on United Parcel Service in a research report on Monday. They set a “buy” rating and a $148.00 target price for the company. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, BidaskClub lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $120.74.

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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 can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.

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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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