United Parcel Service, Inc. (UPS) Holdings Lifted by IMS Capital Management

IMS Capital Management boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,312 shares of the transportation company’s stock after buying an additional 3 shares during the period. IMS Capital Management’s holdings in United Parcel Service were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after buying an additional 5 shares during the period. Founders Capital Management increased its position in United Parcel Service by 0.3% in the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after buying an additional 15 shares during the period. Bollard Group LLC increased its position in United Parcel Service by 0.8% in the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after buying an additional 17 shares during the period. Guardian Life Insurance Co. of America increased its position in United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares during the period. Finally, Conservest Capital Advisors Inc. increased its position in United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after buying an additional 23 shares during the period. 52.86% of the stock is currently owned by institutional investors.

Several research analysts have commented on UPS shares. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $117.25.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 119.57 on Friday. The company has a 50-day moving average price of $116.98 and a 200 day moving average price of $110.69. The firm has a market cap of $103.54 billion, a price-to-earnings ratio of 29.40 and a beta of 0.90. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.80.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

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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. 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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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