United Parcel Service, Inc. (UPS) Stake Raised by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,069 shares of the transportation company’s stock after buying an additional 35,776 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in United Parcel Service were worth $35,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. V Wealth Management LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $102,000. First PREMIER Bank raised its position in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of United Parcel Service by 17.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $126,000. Finally, Winslow Evans & Crocker Inc. raised its position in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the last quarter. Hedge funds and other institutional investors own 52.87% of the company’s stock.

Several research firms have recently issued reports on UPS. UBS AG lifted their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Loop Capital lifted their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 27th. BMO Capital Markets lifted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Cowen and Company lifted their price objective on shares of United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $119.11.

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United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 364.35% and a net margin of 7.91%. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the company earned $1.44 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% 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. 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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