MUFG Americas Holdings Corp reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,081 shares of the transportation company’s stock after selling 3,772 shares during the period. MUFG Americas Holdings Corp’s holdings in United Parcel Service were worth $23,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Analyst IMS Investment Management Services Ltd. purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $503,000. Federated Investors Inc. PA grew its position in shares of United Parcel Service by 2,005.9% during the 2nd quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after purchasing an additional 1,446,749 shares in the last quarter. Smith Chas P & Associates PA Cpas purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $339,000. Boston Private Wealth LLC grew its position in shares of United Parcel Service by 3.1% during the 2nd quarter. Boston Private Wealth LLC now owns 25,317 shares of the transportation company’s stock valued at $2,800,000 after purchasing an additional 754 shares in the last quarter. Finally, Pax World Management LLC grew its position in shares of United Parcel Service by 5.7% during the 2nd quarter. Pax World Management LLC now owns 5,383 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 52.86% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 target price (up 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. J P Morgan Chase & Co upped their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $123.00 target price (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $117.25.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service 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 available through this hyperlink. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The stock was 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. Company insiders own 0.59% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) opened at 118.15 on Thursday. The stock has a market capitalization of $102.31 billion, a price-to-earnings ratio of 29.05 and a beta of 0.90. The firm’s 50-day moving average is $117.47 and its 200 day moving average is $111.06. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $120.80.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the company posted $1.43 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current year.

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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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