Investment Management of Virginia LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,740 shares of the transportation company’s stock after selling 240 shares during the period. Investment Management of Virginia LLC’s holdings in United Parcel Service were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $102,000. Parkside Financial Bank & Trust boosted its position in 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 valued at $116,000 after buying an additional 160 shares in the last quarter. First PREMIER Bank boosted its position in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in United Parcel Service in the first quarter valued at approximately $126,000. Finally, Winslow Evans & Crocker Inc. boosted its position in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares in the last quarter. Institutional investors and hedge funds own 52.86% of the company’s stock.

A number of analysts have weighed in on the stock. J P Morgan Chase & Co raised their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Credit Suisse Group restated a “hold” rating and issued a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Bank of America Corporation restated a “neutral” rating and issued a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. 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 research report on Friday, October 6th. Finally, Robert W. Baird restated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $117.25.

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United Parcel Service, Inc. (NYSE UPS) opened at 118.34 on Tuesday. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.80. The company has a market cap of $102.48 billion, a P/E ratio of 29.10 and a beta of 0.90. The stock’s 50 day moving average is $117.23 and its 200 day moving average is $110.85.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. 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 prior year, the company earned $1.43 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

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

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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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