Bank Hapoalim BM Purchases New Stake in United Parcel Service, Inc. (UPS)

Bank Hapoalim BM purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,968 shares of the transportation company’s stock, valued at approximately $748,000.

Several other hedge funds have also recently bought and sold shares of UPS. Tompkins Financial Corp raised its stake in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares in the last quarter. First PREMIER Bank raised its stake in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in United Parcel Service by 17.3% in 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 in the last quarter. Security National Trust Co. raised its stake in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after buying an additional 102 shares in the last quarter. Finally, Financial Architects Inc raised its stake in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 53.26% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at 112.68 on Friday. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The stock’s 50 day moving average is $109.86 and its 200 day moving average is $108.36. The company has a market cap of $97.78 billion, a P/E ratio of 28.78 and a beta of 0.88.

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

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Several analysts recently issued reports on UPS shares. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Two 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is currently owned by corporate 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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