Institute for Wealth Management LLC. Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Institute for Wealth Management LLC. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,323 shares of the transportation company’s stock after acquiring an additional 361 shares during the quarter. Institute for Wealth Management LLC.’s holdings in United Parcel Service were worth $1,037,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of United Parcel Service by 1.7% in the first quarter. BlackRock Inc. now owns 44,906,446 shares of the transportation company’s stock valued at $4,195,157,000 after acquiring an additional 729,531 shares in the last quarter. Wellington Management Group LLP increased its stake in United Parcel Service by 14.1% during the first quarter. Wellington Management Group LLP now owns 10,136,790 shares of the transportation company’s stock worth $946,979,000 after acquiring an additional 1,256,253 shares during the last quarter. Franklin Resources Inc. increased its stake in United Parcel Service by 52.8% during the first quarter. Franklin Resources Inc. now owns 9,877,515 shares of the transportation company’s stock worth $922,779,000 after acquiring an additional 3,412,002 shares during the last quarter. Geode Capital Management LLC increased its stake in United Parcel Service by 1.6% during the first quarter. Geode Capital Management LLC now owns 9,486,401 shares of the transportation company’s stock worth $884,515,000 after acquiring an additional 153,218 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in United Parcel Service by 11.6% during the first quarter. Capital Research Global Investors now owns 8,737,167 shares of the transportation company’s stock worth $816,226,000 after acquiring an additional 907,275 shares during the last quarter. Institutional investors and hedge funds own 54.67% of the company’s stock.

Shares of NYSE UPS traded up $1.30 during mid-day trading on Friday, hitting $142.76. The company had a trading volume of 7,430,530 shares, compared to its average volume of 4,291,797. The stock has a market cap of $123.08 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.49 and a beta of 0.84. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.50. The company has a debt-to-equity ratio of 5.86, a current ratio of 1.24 and a quick ratio of 1.22. The firm’s 50 day simple moving average is $113.28 and its two-hundred day simple moving average is $103.54.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $1.06. The business had revenue of $20.46 billion for the quarter, compared to the consensus estimate of $17.42 billion. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 5.52 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co increased their target price on United Parcel Service from $111.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. ValuEngine upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday. CSFB lowered their target price on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus lowered their target price on United Parcel Service from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Raymond James raised their price objective on United Parcel Service from $135.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $123.62.

In related news, CEO Carol B. Tome purchased 10,100 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $99.33 per share, with a total value of $1,003,233.00. Following the acquisition, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.57% of the company’s stock.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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