First National Trust Co. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,234 shares of the transportation company’s stock after acquiring an additional 231 shares during the period. First National Trust Co.’s holdings in United Parcel Service were worth $2,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UPS. Renaissance Group LLC boosted its stake in shares of United Parcel Service by 0.8% during the first quarter. Renaissance Group LLC now owns 261,610 shares of the transportation company’s stock valued at $28,071,000 after acquiring an additional 2,078 shares during the last quarter. Cambiar Investors LLC boosted its stake in shares of United Parcel Service by 7.5% during the first quarter. Cambiar Investors LLC now owns 594,005 shares of the transportation company’s stock valued at $63,737,000 after acquiring an additional 41,204 shares during the last quarter. Comerica Bank boosted its stake in shares of United Parcel Service by 155.5% during the first quarter. Comerica Bank now owns 556,612 shares of the transportation company’s stock valued at $60,577,000 after acquiring an additional 338,790 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of United Parcel Service by 2.2% during the first quarter. Xact Kapitalforvaltning AB now owns 94,940 shares of the transportation company’s stock valued at $10,187,000 after acquiring an additional 2,036 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of United Parcel Service by 7.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 15,701 shares of the transportation company’s stock valued at $1,685,000 after acquiring an additional 1,115 shares during the last quarter. 52.86% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (UPS) opened at 119.42 on Friday. The stock has a 50 day moving average price of $117.59 and a 200-day moving average price of $111.12. The stock has a market capitalization of $103.41 billion, a P/E ratio of 29.36 and a beta of 0.90. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.80.

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, beating analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. United Parcel Service’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current year.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were 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. Insiders own 0.59% of the company’s stock.

UPS has been the topic of a number of analyst reports. J P Morgan Chase & Co increased their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective (up previously from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.25.

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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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