Sit Investment Associates Inc. cut its position in United Parcel Service Inc. (NYSE:UPS) by 49.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 153,755 shares of the company’s stock after selling 149,940 shares during the period. Sit Investment Associates Inc.’s holdings in United Parcel Service were worth $16,562,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Americafirst Capital Management LLC acquired a new position in United Parcel Service during the second quarter worth $102,000. Security National Trust Co. boosted its position in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares during the last quarter. Advisory Services Network LLC boosted its position in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares during the last quarter. Kanaly Trust Co boosted its position in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares during the last quarter. Finally, RMB Capital Management LLC acquired a new position in United Parcel Service during the first quarter worth $202,000. 53.28% of the stock is owned by institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.29% on Friday, reaching $108.80. The company had a trading volume of 1,442,804 shares. The firm has a 50-day moving average price of $108.93 and a 200 day moving average price of $106.64. United Parcel Service Inc. has a 1-year low of $87.30 and a 1-year high of $111.83. The firm has a market capitalization of $95.53 billion, a price-to-earnings ratio of 19.56 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.43. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The company had revenue of $14.60 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the company earned $1.35 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
A number of research firms recently weighed in on UPS. Morgan Stanley set a $91.00 price target on United Parcel Service and gave the stock a “sell” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $116.00 price target (up previously from $112.00) on shares of United Parcel Service in a report on Tuesday, August 2nd. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. William Blair reaffirmed an “outperform” rating on shares of United Parcel Service in a report on Tuesday, September 13th. Finally, Argus upped their price target on United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a 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 stock has an average rating of “Hold” and an average price target of $109.23.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of United Parcel Service stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $109.79, for a total value of $249,003.72. Following the sale, the insider now owns 31,418 shares of the company’s stock, valued at approximately $3,449,382.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company 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. 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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