Premier Asset Managment LLC held its stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, Holdings Channel reports. The institutional investor owned 6,350 shares of the transportation company’s stock at the end of the first quarter. Premier Asset Managment LLC’s holdings in United Parcel Service were worth $681,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of UPS. iAB Financial Bank increased its stake in United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock valued at $950,000 after buying an additional 250 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock valued at $20,604,000 after buying an additional 14,075 shares in the last quarter. First Merchants Corp increased its stake in United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock valued at $746,000 after buying an additional 165 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in United Parcel Service by 1.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 177,137 shares of the transportation company’s stock valued at $20,303,000 after buying an additional 2,143 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in United Parcel Service by 13.0% in the fourth quarter. AQR Capital Management LLC now owns 744,482 shares of the transportation company’s stock valued at $85,347,000 after buying an additional 85,899 shares in the last quarter. Institutional investors own 53.26% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 111.83 on Wednesday. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The stock has a 50 day moving average of $109.49 and a 200 day moving average of $108.29. The company has a market cap of $97.04 billion, a price-to-earnings ratio of 28.56 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The company had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. During the same quarter last year, the firm posted $1.27 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post $5.95 EPS for the current year.
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Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Seaport Global Securities assumed coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $114.57.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a 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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