United Bank Inc. Buys 3,342 Shares of United Parcel Service, Inc. (UPS)

United Bank Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,185 shares of the transportation company’s stock after buying an additional 3,342 shares during the period. United Parcel Service comprises approximately 2.4% of United Bank Inc.’s holdings, making the stock its 10th largest position. United Bank Inc.’s holdings in United Parcel Service were worth $5,661,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in UPS. iAB Financial Bank increased its position in shares of United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock worth $950,000 after buying an additional 250 shares in the last quarter. Clarkston Capital Partners LLC increased its position in shares of United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock worth $20,604,000 after buying an additional 14,075 shares in the last quarter. First Merchants Corp increased its position in shares of United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock worth $746,000 after buying an additional 165 shares in the last quarter. Willis Investment Counsel increased its position in shares of United Parcel Service by 2.1% in the fourth quarter. Willis Investment Counsel now owns 138,900 shares of the transportation company’s stock worth $15,923,000 after buying an additional 2,900 shares in the last quarter. Finally, PagnatoKarp Partners LLC bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $512,000. 53.24% of the stock is owned by institutional investors and hedge funds.

United Parcel Service, Inc. (NYSE UPS) opened at 112.15 on Tuesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The company has a 50-day moving average price of $110.13 and a 200-day moving average price of $108.27. The firm has a market capitalization of $97.32 billion, a P/E ratio of 28.65 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The business had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post $5.95 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “United Bank Inc. Buys 3,342 Shares of United Parcel Service, Inc. (UPS)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/07/25/united-bank-inc-buys-3342-shares-of-united-parcel-service-inc-ups.html.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Seaport Global Securities assumed coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $114.57.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.59% 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. 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)

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply