Lumina Fund Management LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,400 shares of the transportation company’s stock after selling 3,600 shares during the quarter. United Parcel Service comprises about 0.2% of Lumina Fund Management LLC’s investment portfolio, making the stock its 21st largest position. Lumina Fund Management LLC’s holdings in United Parcel Service were worth $3,251,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. State of Wisconsin Investment Board lifted its stake in shares of United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after acquiring an additional 239,350 shares during the period. Brookstone Capital Management lifted its stake in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares during the period. Bank of The Ozarks lifted its stake in shares of United Parcel Service by 17.9% during the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after acquiring an additional 886 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after acquiring an additional 5,325 shares during the period. Finally, Vanguard Group Inc. lifted its stake 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 valued at $5,058,196,000 after acquiring an additional 1,030,326 shares during the period. 53.07% of the stock is currently owned by institutional investors.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is currently owned by company insiders.

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Several equities analysts have recently issued reports on the company. UBS AG upped their price target on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Robert W. Baird reissued a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen and Company increased their target price on United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Stifel Nicolaus increased their target price on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets increased their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $120.74.

Shares of United Parcel Service, Inc. (UPS) opened at $112.94 on Friday. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $121.75. The stock has a market capitalization of $97,323.79, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

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

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

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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