Gilman Hill Asset Management LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

Gilman Hill Asset Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,875 shares of the transportation company’s stock after selling 325 shares during the period. Gilman Hill Asset Management LLC’s holdings in United Parcel Service were worth $479,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of United Parcel Service by 3.9% in the 2nd quarter. BlackRock Inc. now owns 46,671,683 shares of the transportation company’s stock worth $5,188,958,000 after purchasing an additional 1,765,237 shares during the period. FMR LLC lifted its position in shares of United Parcel Service by 6.7% in the 2nd quarter. FMR LLC now owns 11,887,191 shares of the transportation company’s stock worth $1,321,617,000 after purchasing an additional 749,993 shares during the period. Capital Research Global Investors lifted its position in shares of United Parcel Service by 11.6% in the 1st quarter. Capital Research Global Investors now owns 8,737,167 shares of the transportation company’s stock worth $816,226,000 after purchasing an additional 907,275 shares during the period. Bank of New York Mellon Corp lifted its position in shares of United Parcel Service by 14.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,394,897 shares of the transportation company’s stock worth $933,345,000 after purchasing an additional 1,058,362 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 27.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,544,888 shares of the transportation company’s stock worth $838,841,000 after purchasing an additional 1,617,837 shares during the period. 55.67% of the stock is owned by hedge funds and other institutional investors.

Shares of UPS stock traded up $0.40 during trading hours on Friday, reaching $174.44. The company had a trading volume of 3,446,613 shares, compared to its average volume of 4,627,982. The business has a fifty day moving average price of $164.79 and a 200-day moving average price of $126.05. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $177.15. The firm has a market cap of $150.61 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.24 and a current ratio of 1.24.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.06. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The firm had revenue of $20.46 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 6.91 EPS for the current year.

In related news, insider Kathleen M. Gutmann sold 7,766 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $156.77, for a total value of $1,217,475.82. Also, SVP Norman M. Brothers, Jr. sold 9,825 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $159.15, for a total transaction of $1,563,648.75. In the last three months, insiders sold 80,291 shares of company stock worth $12,848,237. 0.57% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on UPS shares. Goldman Sachs Group lifted their price target on shares of United Parcel Service from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of United Parcel Service from $119.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Raymond James lifted their price target on shares of United Parcel Service from $165.00 to $195.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 29th. Morgan Stanley lifted their price target on shares of United Parcel Service from $66.00 to $70.00 and gave the company an “underweight” rating in a research report on Monday, October 5th. Finally, Berenberg Bank set a $130.00 price target on shares of United Parcel Service and gave the company a “sell” rating in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $144.14.

United Parcel Service Company 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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