Legal & General Group Plc increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,711,612 shares of the transportation company’s stock after buying an additional 257,102 shares during the period. Legal & General Group Plc owned about 0.43% of United Parcel Service worth $398,078,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UPS. Parkside Financial Bank & Trust increased its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares in the last quarter. Security National Trust Co. increased its position in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after buying an additional 102 shares in the last quarter. Financial Architects Inc increased its position in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after buying an additional 4 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in United Parcel Service during the first quarter valued at $161,000. Hedge funds and other institutional investors own 52.90% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 0.04% during trading on Friday, hitting $113.40. The stock had a trading volume of 2,015,061 shares. The company has a market cap of $98.20 billion, a P/E ratio of 27.88 and a beta of 0.88. The stock’s 50-day moving average price is $112.04 and its 200-day moving average price is $108.21. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio is presently 81.57%.

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Several equities analysts have weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $114.80.

In related news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction dated 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 accessible through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,255 shares of company stock valued at $2,628,619 in the last three months. 0.59% of the stock is owned by insiders.

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.

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

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