United Parcel Service, Inc. (UPS) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 48.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,428,560 shares of the transportation company’s stock after buying an additional 2,087,477 shares during the period. United Parcel Service accounts for 1.5% of Lazard Asset Management LLC’s holdings, making the stock its 15th biggest position. Lazard Asset Management LLC owned 0.74% of United Parcel Service worth $710,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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 worth $5,058,196,000 after buying an additional 1,030,326 shares during the last quarter. BlackRock Inc. raised its holdings 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 last quarter. Wellington Management Group LLP raised its holdings 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 last quarter. Massachusetts Financial Services Co. MA raised its holdings 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 last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after buying an additional 593,756 shares during the last quarter. 53.07% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (UPS) opened at $114.81 on Tuesday. The company has a market cap of $97,573.69, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.04 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.89%. United Parcel Service’s dividend payout ratio is presently 81.37%.

UPS has been the subject of a number of research analyst reports. J P Morgan Chase & Co raised their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Loop Capital raised their price target on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a 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 target for the company in a report on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price target (up previously from $108.00) on shares of United Parcel Service in a 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 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 given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $120.74.

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In related news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.59% of the stock is currently owned by company 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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