Burke & Herbert Bank & Trust Co. maintained its stake in United Parcel Service Inc. (NYSE:UPS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,210 shares of the company’s stock at the end of the second quarter. Burke & Herbert Bank & Trust Co.’s holdings in United Parcel Service were worth $238,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in United Parcel Service by 34.3% in the first quarter. TIAA CREF Investment Management LLC now owns 4,199,444 shares of the company’s stock worth $442,915,000 after buying an additional 1,072,738 shares in the last quarter. Bank of Montreal Can bought a new stake in United Parcel Service during the second quarter worth approximately $81,298,000. Prudential Financial Inc. boosted its stake in United Parcel Service by 69.6% in the first quarter. Prudential Financial Inc. now owns 1,807,444 shares of the company’s stock worth $190,631,000 after buying an additional 741,580 shares in the last quarter. Sarasin & Partners LLP bought a new stake in United Parcel Service during the second quarter worth approximately $41,731,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in United Parcel Service by 169.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 581,364 shares of the company’s stock worth $61,316,000 after buying an additional 365,905 shares in the last quarter. 53.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.60% during mid-day trading on Tuesday, reaching $108.52. The company had a trading volume of 1,742,028 shares. The stock has a 50 day moving average of $109.02 and a 200-day moving average of $106.58. United Parcel Service Inc. has a 52 week low of $87.30 and a 52 week high of $111.83. The company has a market capitalization of $95.29 billion, a price-to-earnings ratio of 19.51 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last announced its earnings results on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.43. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The firm had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the previous year, the business earned $1.35 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.
UPS has been the topic of a number of recent research reports. Barclays PLC increased their target price on United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Citigroup Inc. reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Thursday, June 30th. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Morgan Stanley set a $91.00 price objective on United Parcel Service and gave the company a “sell” rating in a research report on Monday, August 1st. 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 research report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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 stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the transaction, the insider now directly owns 31,418 shares in the company, valued at approximately $3,449,382.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.
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. 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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