Meeder Asset Management Inc. lowered its position in United Parcel Service Inc. (NYSE:UPS) by 12.1% during the second quarter, Holdings Channel reports. The institutional investor owned 13,592 shares of the company’s stock after selling 1,867 shares during the period. Meeder Asset Management Inc.’s holdings in United Parcel Service were worth $1,464,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Lodestar Investment Counsel LLC IL raised its stake in United Parcel Service by 5.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 73,194 shares of the company’s stock worth $7,720,000 after buying an additional 4,079 shares in the last quarter. Douglas Lane & Associates LLC bought a new stake in United Parcel Service during the first quarter worth $3,105,000. Delta Asset Management LLC TN raised its stake in United Parcel Service by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 107,432 shares of the company’s stock worth $11,331,000 after buying an additional 443 shares in the last quarter. IMS Capital Management raised its stake in United Parcel Service by 19.1% in the first quarter. IMS Capital Management now owns 2,933 shares of the company’s stock worth $309,000 after buying an additional 470 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its stake in United Parcel Service by 10.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 9,697 shares of the company’s stock worth $1,023,000 after buying an additional 902 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.
Shares of United Parcel Service Inc. (NYSE:UPS) traded up 1.06% during midday trading on Friday, reaching $109.36. The company’s stock had a trading volume of 2,952,536 shares. The stock has a market capitalization of $96.03 billion, a price-to-earnings ratio of 19.66 and a beta of 0.91. The company has a 50 day moving average of $109.04 and a 200-day moving average of $106.47. United Parcel Service Inc. has a 52 week low of $87.30 and a 52 week high of $111.83.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.43. The business earned $14.60 billion during the quarter, compared to the consensus estimate of $14.65 billion. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Equities research analysts predict that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
UPS has been the subject of a number of analyst reports. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Wednesday, June 29th. Citigroup Inc. restated a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Morgan Stanley set a $91.00 target price on United Parcel Service and gave the stock a “sell” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 price objective (up previously from $112.00) on shares of United Parcel Service in a report on Tuesday, August 2nd. Finally, Argus increased their price objective on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $109.23.
In related news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the transaction, the insider now owns 31,418 shares in the company, valued at $3,449,382.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.72% 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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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