Donaldson Capital Management LLC Sells 4,418 Shares of United Parcel Service, Inc. (UPS)

Donaldson Capital Management LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 223,721 shares of the transportation company’s stock after selling 4,418 shares during the period. United Parcel Service comprises about 2.8% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Donaldson Capital Management LLC’s holdings in United Parcel Service were worth $24,741,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UPS. Elkhorn Investments LLC bought a new position in shares of United Parcel Service during the 1st quarter valued at $1,396,000. First Trust Advisors LP grew its holdings in shares of United Parcel Service by 41.3% during the 1st quarter. First Trust Advisors LP now owns 426,767 shares of the transportation company’s stock valued at $45,792,000 after purchasing an additional 124,826 shares during the last quarter. Greatmark Investment Partners Inc. grew its holdings in shares of United Parcel Service by 3.2% during the 1st quarter. Greatmark Investment Partners Inc. now owns 54,236 shares of the transportation company’s stock valued at $5,820,000 after purchasing an additional 1,678 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of United Parcel Service by 3.9% during the 1st quarter. Advisors Asset Management Inc. now owns 82,733 shares of the transportation company’s stock valued at $8,877,000 after purchasing an additional 3,111 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of United Parcel Service by 4.3% during the 1st quarter. American Century Companies Inc. now owns 2,303,078 shares of the transportation company’s stock valued at $247,120,000 after purchasing an additional 95,923 shares during the last quarter. 52.86% of the stock is currently owned by institutional investors.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’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 legal filing with the SEC, which is available at the SEC website. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several research firms recently commented on UPS. Bank of America Corporation reaffirmed a “neutral” rating and set a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday, October 6th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Sunday, October 1st. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $117.00.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/10/11/donaldson-capital-management-llc-sells-4418-shares-of-united-parcel-service-inc-ups.html.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 118.12 on Wednesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80. The company has a market cap of $102.29 billion, a price-to-earnings ratio of 29.04 and a beta of 0.90. The firm has a 50-day moving average of $116.68 and a 200-day moving average of $110.56.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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