Morningstar Investment Services LLC Has $37.90 Million Holdings in United Parcel Service, Inc. (UPS)

Morningstar Investment Services LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,666 shares of the transportation company’s stock after acquiring an additional 8,352 shares during the quarter. Morningstar Investment Services LLC’s holdings in United Parcel Service were worth $37,895,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. V Wealth Management LLC bought a new stake in United Parcel Service in the second quarter worth $102,000. First PREMIER Bank lifted its holdings 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 purchasing an additional 50 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 purchasing an additional 160 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in shares of United Parcel Service during the first quarter valued at $126,000. Finally, Winslow Evans & Crocker Inc. lifted its holdings 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 purchasing an additional 899 shares in the last quarter. 52.86% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (NYSE:UPS) opened at 118.92 on Thursday. The firm has a 50-day moving average price of $116.81 and a 200-day moving average price of $110.62. The company has a market cap of $102.98 billion, a P/E ratio of 29.24 and a beta of 0.90. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.80.

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

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday, October 6th. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a report on Sunday, October 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price target (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $117.00.

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

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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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