Sky Investment Group LLC Has $4.15 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Sky Investment Group LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,512 shares of the transportation company’s stock after buying an additional 309 shares during the period. United Parcel Service makes up approximately 1.8% of Sky Investment Group LLC’s holdings, making the stock its 24th largest position. Sky Investment Group LLC’s holdings in United Parcel Service were worth $4,148,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased 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 worth $4,834,013,000 after buying an additional 43,351,873 shares during the period. Norges Bank acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $696,564,000. Lazard Asset Management LLC increased 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 worth $465,797,000 after buying an additional 4,340,971 shares during the period. Massachusetts Financial Services Co. MA increased 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 worth $2,606,905,000 after buying an additional 1,246,981 shares during the period. Finally, Wellington Management Group LLP increased 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 worth $3,153,291,000 after buying an additional 1,117,802 shares during the period. 52.90% of the stock is owned by institutional investors.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.37% during trading on Friday, hitting $113.34. 2,249,273 shares of the stock traded hands. The firm has a 50-day moving average price of $111.49 and a 200 day moving average price of $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 $98.15 billion, a PE ratio of 27.87 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company 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 business posted $1.43 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date 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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A number of research analysts recently commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research note on Tuesday. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. United Parcel Service has an average rating of “Hold” and an average target price of $114.57.

In related news, insider James J. Barber sold 3,556 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s 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 disclosure for this sale can be found here. 0.59% of the stock is currently 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.

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

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