Covington Capital Management decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 55,521 shares of the transportation company’s stock after selling 11,442 shares during the period. Covington Capital Management’s holdings in United Parcel Service were worth $6,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased 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 during the period. BlackRock Inc. increased its position 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 purchasing an additional 43,351,873 shares during the period. Wellington Management Group LLP increased its position in United Parcel Service by 4.0% during the 1st 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. Massachusetts Financial Services Co. MA increased 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 during the period. Finally, FMR LLC increased its position in United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after purchasing an additional 71,666 shares during the period. 53.66% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on UPS shares. J P Morgan Chase & Co raised their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Loop Capital lifted their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price objective (up previously from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. One investment 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 company presently has an average rating of “Hold” and an average price target of $120.74.

Shares of United Parcel Service, Inc. (UPS) traded down $1.14 during trading on Friday, hitting $120.31. 3,141,930 shares of the stock were exchanged, compared to its average volume of 2,647,432. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $122.00. The stock has a market cap of $104,657.10, a P/E ratio of 20.31, a P/E/G ratio of 2.18 and a beta of 0.92.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.

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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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