UMB Bank N A MO Acquires 5,018 Shares of United Parcel Service, Inc. (UPS)

UMB Bank N A MO grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,748 shares of the transportation company’s stock after purchasing an additional 5,018 shares during the period. UMB Bank N A MO’s holdings in United Parcel Service were worth $4,949,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of The Ozarks raised its holdings in United Parcel Service by 17.9% in the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after acquiring an additional 886 shares during the last quarter. Airain ltd purchased a new position in United Parcel Service in the 1st quarter worth approximately $762,000. Vanguard Group Inc. raised its holdings in United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after acquiring an additional 1,030,326 shares during the last quarter. Bragg Financial Advisors Inc raised its holdings in United Parcel Service by 374.8% in the 1st quarter. Bragg Financial Advisors Inc now owns 30,853 shares of the transportation company’s stock worth $657,000 after acquiring an additional 24,355 shares during the last quarter. Finally, IBM Retirement Fund raised its holdings in United Parcel Service by 72.5% in the 2nd quarter. IBM Retirement Fund now owns 16,882 shares of the transportation company’s stock worth $2,087,000 after acquiring an additional 7,094 shares during the last quarter. Hedge funds and other institutional investors own 52.86% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) opened at 117.70 on Monday. The firm’s 50-day moving average is $116.45 and its 200-day moving average is $110.33. The stock has a market capitalization of $101.92 billion, a price-to-earnings ratio of 28.94 and a beta of 0.90. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.80.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. Analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America Corporation restated a “neutral” rating and issued a $124.00 price objective (up from $117.00) on shares of United Parcel Service in a report on Friday. Finally, Credit Suisse Group restated a “neutral” rating and issued a $108.00 price objective on shares of United Parcel Service in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.00.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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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