United Parcel Service, Inc. (UPS) Position Boosted by Advisors Preferred LLC

Advisors Preferred LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 12.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,843 shares of the transportation company’s stock after buying an additional 415 shares during the period. Advisors Preferred LLC’s holdings in United Parcel Service were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. BlackRock Inc. lifted its holdings in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares during the period. Lazard Asset Management LLC lifted its holdings in United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after buying an additional 4,340,971 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after buying an additional 1,246,981 shares during the period. Wellington Management Group LLP lifted its holdings in United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after buying an additional 1,117,802 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after buying an additional 1,030,326 shares during the period. Institutional investors and hedge funds own 52.86% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 118.12 on Wednesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80. The stock’s 50 day moving average is $116.68 and its 200 day moving average is $110.56. The firm has a market cap of $102.29 billion, a price-to-earnings ratio of 29.04 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. On average, analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

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

UPS has been the topic of several recent analyst reports. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday, October 6th. Finally, Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. One equities research analyst has 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. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $117.00.

United Parcel Service 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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