United Parcel Service, Inc. (UPS) Holdings Cut by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,735 shares of the transportation company’s stock after selling 530 shares during the period. Duff & Phelps Investment Management Co.’s holdings in United Parcel Service were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. V Wealth Management LLC bought a new position in United Parcel Service in the second quarter valued at about $102,000. First PREMIER Bank grew its position in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares during the last quarter. Parkside Financial Bank & Trust grew 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 valued at $116,000 after acquiring an additional 160 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in United Parcel Service in the first quarter valued at about $126,000. Finally, Winslow Evans & Crocker Inc. grew its position in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares during the last quarter. Hedge funds and other institutional investors own 52.86% of the company’s stock.

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UPS has been the topic of a number of recent analyst reports. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $117.00.

United Parcel Service, Inc. (NYSE UPS) opened at 117.70 on Friday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.80. The firm has a market capitalization of $101.92 billion, a price-to-earnings ratio of 28.94 and a beta of 0.90. The firm has a 50-day moving average price of $116.45 and a 200 day moving average price of $110.33. United Parcel Service also was the recipient of unusually large options trading on Thursday. Stock investors acquired 17,870 call options on the company. This represents an increase of 306% compared to the typical daily volume of 4,397 call options.

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

In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred on Tuesday, August 22nd. The stock was 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 SEC, which is available through this link. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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