Abbrea Capital LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,206 shares of the transportation company’s stock after selling 815 shares during the period. Abbrea Capital LLC’s holdings in United Parcel Service were worth $451,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in UPS. Tompkins Financial Corp raised its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the period. First PREMIER Bank raised its position in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust raised 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 worth $116,000 after buying an additional 160 shares during the period. SRS Capital Advisors Inc. bought a new position in United Parcel Service during the fourth quarter worth approximately $125,000. Finally, Security National Trust Co. raised its position in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares during the period. 53.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service, Inc. (NYSE:UPS) opened at 112.03 on Tuesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm’s 50-day moving average price is $107.27 and its 200 day moving average price is $108.93. The firm has a market capitalization of $97.22 billion, a P/E ratio of 28.62 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. The business had revenue of $15.32 billion for the quarter, compared to analysts’ expectations of $15.19 billion. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.
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A number of research firms have commented on UPS. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Seaport Global Securities began coverage on United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $114.57.
In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.59% of the stock is currently owned by company 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.
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