Northeast Investment Management decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,170 shares of the transportation company’s stock after selling 10,511 shares during the quarter. Northeast Investment Management’s holdings in United Parcel Service were worth $10,304,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. V Wealth Management LLC purchased a new stake in United Parcel Service in the second quarter valued at $102,000. Parkside Financial Bank & Trust raised 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 purchasing an additional 160 shares during the period. First PREMIER Bank raised 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 purchasing an additional 50 shares during the period. Ullmann Financial Group Inc. purchased a new stake in United Parcel Service in the first quarter valued at $126,000. Finally, Winslow Evans & Crocker Inc. raised 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 purchasing an additional 899 shares during the period. Hedge funds and other institutional investors own 52.86% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at 118.36 on Monday. The firm has a market capitalization of $102.50 billion, a PE ratio of 29.10 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. The stock’s 50 day moving average price is $117.23 and its 200 day moving average price is $110.85.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. Analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

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

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A number of equities research analysts have recently weighed in on the company. J P Morgan Chase & Co lifted 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. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a research note on Thursday. They noted that the move was a valuation call. Bank of America Corporation reaffirmed a “neutral” rating and issued a $124.00 price objective (up from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $117.25.

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.

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

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