United Parcel Service, Inc. (UPS) Shares Sold by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 31.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,431 shares of the transportation company’s stock after selling 10,001 shares during the period. NN Investment Partners Holdings N.V.’s holdings in United Parcel Service were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4 shares in the last quarter. Weatherly Asset Management L. P. boosted its stake in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after acquiring an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 18 shares in the last quarter. Conservest Capital Advisors Inc. boosted its stake in United Parcel Service by 0.8% in the second quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 23 shares in the last quarter. Finally, Fort Pitt Capital Group LLC boosted its stake in United Parcel Service by 1.0% in the first quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 52.86% of the company’s stock.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction that occurred 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. Corporate insiders own 0.59% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.49% on Friday, reaching $117.83. 552,559 shares of the company’s stock were exchanged. The company has a market capitalization of $102.04 billion, a P/E ratio of 28.97 and a beta of 0.88. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The stock’s 50-day moving average price is $114.04 and its 200-day moving average price is $109.26.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s dividend payout ratio is currently 81.57%.

Several equities analysts have issued reports on UPS shares. Seaport Global Securities started coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating for the company. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Robert W. Baird reiterated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $115.27.

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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.

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

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