Huntington National Bank boosted its position in United Parcel Service Inc. (NYSE:UPS) by 20.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,783 shares of the company’s stock after buying an additional 9,454 shares during the period. Huntington National Bank’s holdings in United Parcel Service were worth $6,117,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. Americafirst Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth about $102,000. Security National Trust Co. raised its stake in shares of United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares in the last quarter. Kanaly Trust Co raised its stake in shares of United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares in the last quarter. Finally, RMB Capital Management LLC bought a new stake in shares of United Parcel Service during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 53.28% of the company’s stock.
United Parcel Service Inc. (NYSE:UPS) traded down 0.40% on Thursday, reaching $108.30. 2,088,557 shares of the company traded hands. United Parcel Service Inc. has a one year low of $87.30 and a one year high of $111.83. The firm has a 50 day moving average of $108.78 and a 200-day moving average of $106.75. The stock has a market capitalization of $95.09 billion, a PE ratio of 19.47 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.43. The business earned $14.60 billion during the quarter, compared to the consensus estimate of $14.65 billion. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. United Parcel Service’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. On average, analysts anticipate that United Parcel Service Inc. will post $5.81 EPS for the current year.
A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. William Blair reissued an “outperform” rating on shares of United Parcel Service in a report on Tuesday, September 13th. Morgan Stanley set a $91.00 price objective on shares of United Parcel Service and gave the stock a “sell” rating in a report on Monday, August 1st. Argus increased their price objective on shares of United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $116.00 price objective (up previously from $112.00) on shares of United Parcel Service in a report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $108.67.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the transaction, the insider now owns 31,418 shares of the company’s stock, valued at $3,449,382.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.
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. 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.