United Parcel Service, Inc. (UPS) Shares Sold by Murphy Capital Management Inc.

Murphy Capital Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 48,217 shares of the transportation company’s stock after selling 2,166 shares during the period. Murphy Capital Management Inc.’s holdings in United Parcel Service were worth $5,332,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of UPS. BlackRock Inc. raised 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 buying an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC raised 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 buying an additional 4,340,971 shares during the last quarter. Massachusetts Financial Services Co. MA raised 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 buying an additional 1,246,981 shares during the last quarter. Wellington Management Group LLP raised 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 buying an additional 1,117,802 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of United Parcel Service by 2.2% in 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 buying an additional 1,030,326 shares during the last quarter. 52.90% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (UPS) traded up 0.97% during trading on Friday, hitting $114.01. The stock had a trading volume of 1,038,678 shares. The stock’s 50 day moving average price is $111.49 and its 200 day moving average price is $107.98. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a market cap of $98.73 billion, a P/E ratio of 28.03 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The firm had revenue of $15.75 billion for 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%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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Several analysts have commented on UPS shares. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.57.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.

About United Parcel Service

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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