Rhumbline Advisers Boosts Position in United Parcel Service, Inc. (UPS)

Rhumbline Advisers grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,109,371 shares of the transportation company’s stock after buying an additional 17,509 shares during the period. Rhumbline Advisers owned approximately 0.13% of United Parcel Service worth $122,685,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management increased its stake in United Parcel Service by 0.3% in the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC grew its stake in United Parcel Service by 0.8% during the second 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 last quarter. Guardian Life Insurance Co. of America grew its stake in United Parcel Service by 0.7% during the first 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 last quarter. Finally, Conservest Capital Advisors Inc. grew its stake in United Parcel Service by 0.8% during the second 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 last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’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 filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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. 0.59% of the stock is owned by insiders.

Shares of United Parcel Service, Inc. (UPS) traded down 0.36% during trading on Tuesday, reaching $117.91. 367,772 shares of the company traded hands. The company has a 50 day moving average price of $117.23 and a 200 day moving average price of $110.85. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.80. The firm has a market capitalization of $102.11 billion, a price-to-earnings ratio of 28.99 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) 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 company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the company earned $1.43 EPS. United Parcel Service’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current year.

UPS has been the topic of several research analyst reports. J P Morgan Chase & Co upped their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $117.25.

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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.

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

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