NewSquare Capital LLC Sells 2,225 Shares of United Parcel Service, Inc. (UPS)

NewSquare Capital LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 29.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,317 shares of the transportation company’s stock after selling 2,225 shares during the quarter. NewSquare Capital LLC’s holdings in United Parcel Service were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Bank of The Ozarks lifted its position in United Parcel Service by 17.9% in the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after purchasing an additional 886 shares during the last quarter. Airain ltd bought a new stake in United Parcel Service in the first quarter valued at approximately $762,000. Vanguard Group Inc. lifted its position 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 purchasing an additional 1,030,326 shares during the last quarter. Bragg Financial Advisors Inc lifted its position in United Parcel Service by 374.8% in the first quarter. Bragg Financial Advisors Inc now owns 30,853 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 24,355 shares during the last quarter. Finally, IBM Retirement Fund lifted its position in United Parcel Service by 72.5% in the second quarter. IBM Retirement Fund now owns 16,882 shares of the transportation company’s stock valued at $2,087,000 after purchasing an additional 7,094 shares during the last quarter. Institutional investors own 52.86% of the company’s stock.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company insiders.

United Parcel Service, Inc. (NYSE:UPS) opened at 118.92 on Thursday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80. The company’s 50 day moving average price is $116.81 and its 200-day moving average price is $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 (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (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 firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period last 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, analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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UPS has been the subject of several recent research reports. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. United Parcel Service has an average rating of “Hold” and an average price target of $117.00.

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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