United Parcel Service Inc. (UPS) Shares Sold by Smithfield Trust Co.
Smithfield Trust Co. lowered its position in United Parcel Service Inc. (NYSE:UPS) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 8,788 shares of the company’s stock after selling 379 shares during the period. Smithfield Trust Co.’s holdings in United Parcel Service were worth $947,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Ausdal Financial Partners Inc. increased its stake in United Parcel Service by 38.8% in the second quarter. Ausdal Financial Partners Inc. now owns 3,269 shares of the company’s stock worth $352,000 after buying an additional 913 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in United Parcel Service by 21.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 98,623 shares of the company’s stock worth $10,623,000 after buying an additional 17,295 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in United Parcel Service by 388.3% in the second quarter. Tocqueville Asset Management L.P. now owns 134,994 shares of the company’s stock worth $14,542,000 after buying an additional 107,346 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in United Parcel Service during the second quarter worth $3,898,000. Finally, Sequoia Financial Advisors LLC increased its stake in United Parcel Service by 1.4% in the second quarter. Sequoia Financial Advisors LLC now owns 10,432 shares of the company’s stock worth $1,124,000 after buying an additional 147 shares in the last quarter. 53.29% of the stock is owned by institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.30% during mid-day trading on Monday, reaching $108.10. The company had a trading volume of 844,315 shares. The stock has a 50 day moving average price of $108.72 and a 200 day moving average price of $106.79. The firm has a market capitalization of $94.92 billion, a PE ratio of 19.43 and a beta of 0.91. United Parcel Service Inc. has a 12-month low of $87.30 and a 12-month high of $111.83.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The firm had revenue of $14.60 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter last year, the firm posted $1.35 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. William Blair reaffirmed an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. Barclays PLC boosted their price target on United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, September 12th. Argus boosted their price target on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $116.00 price target (up previously from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.67.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $109.79, for a total value of $249,003.72. Following the sale, the insider now owns 31,418 shares of the company’s stock, valued at approximately $3,449,382.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.
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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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