Sequoia Financial Advisors LLC increased its position in United Parcel Service Inc. (NYSE:UPS) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 10,432 shares of the company’s stock after buying an additional 147 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Parcel Service were worth $1,124,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of United Parcel Service during the second quarter worth $81,298,000. Sarasin & Partners LLP bought a new position in shares of United Parcel Service during the second quarter worth $41,731,000. Kovitz Investment Group Partners LLC bought a new position in shares of United Parcel Service during the first quarter worth $37,360,000. BB&T Securities LLC raised its position in shares of United Parcel Service by 74.7% in the first quarter. BB&T Securities LLC now owns 800,133 shares of the company’s stock worth $84,390,000 after buying an additional 342,183 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of United Parcel Service by 7.4% in the first quarter. Loomis Sayles & Co. L P now owns 4,712,534 shares of the company’s stock worth $497,031,000 after buying an additional 326,412 shares during the last quarter. 53.29% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Inc. (NYSE:UPS) traded down 0.36% on Monday, reaching $108.03. 1,759,914 shares of the company’s stock traded hands. The company’s 50 day moving average is $108.72 and its 200-day moving average is $106.79. The stock has a market cap of $94.86 billion, a price-to-earnings ratio of 19.42 and a beta of 0.91. United Parcel Service Inc. has a 52-week low of $87.30 and a 52-week 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, hitting the consensus estimate of $1.43. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The business had revenue of $14.60 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that United Parcel Service Inc. will post $5.81 EPS for the current year.
A number of equities analysts have recently commented on UPS shares. Barclays PLC increased their price objective on shares of United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Citigroup Inc. restated a “hold” rating on shares of United Parcel Service in a research note on Thursday, June 30th. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Morgan Stanley set a $91.00 price objective on shares of United Parcel Service and gave the stock a “sell” rating in a research note on Monday, August 1st. Finally, 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 research note on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $108.67.
In related news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $109.79, for a total transaction of $249,003.72. Following the transaction, the insider now directly owns 31,418 shares in the company, valued at $3,449,382.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.