Martingale Asset Management L P reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.5% during the first quarter, Holdings Channel reports. The firm owned 347,072 shares of the transportation company’s stock after selling 63,686 shares during the period. Martingale Asset Management L P’s holdings in United Parcel Service were worth $37,242,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Tompkins Financial Corp increased its position in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank increased its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $125,000. Finally, Security National Trust Co. increased its position in shares of United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 53.26% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at 112.03 on Tuesday. The firm has a market capitalization of $97.22 billion, a PE ratio of 28.62 and a beta of 0.88. The stock’s 50 day moving average is $107.27 and its 200-day moving average is $108.93. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The business had revenue of $15.32 billion for the quarter, compared to analysts’ expectations of $15.19 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post $5.95 EPS for the current year.

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UPS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, March 25th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $114.57.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is owned by 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. 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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