Norway Savings Bank increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,921 shares of the transportation company’s stock after buying an additional 40 shares during the period. United Parcel Service makes up approximately 1.2% of Norway Savings Bank’s holdings, making the stock its 25th largest position. Norway Savings Bank’s holdings in United Parcel Service were worth $1,207,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UPS. Silvercrest Asset Management Group LLC raised its stake in United Parcel Service by 12.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 39,060 shares of the transportation company’s stock valued at $4,478,000 after buying an additional 4,394 shares in the last quarter. GSA Capital Partners LLP raised its stake in United Parcel Service by 3.4% in the fourth quarter. GSA Capital Partners LLP now owns 28,172 shares of the transportation company’s stock valued at $3,230,000 after buying an additional 928 shares in the last quarter. First Republic Investment Management Inc. raised its stake in United Parcel Service by 0.4% in the fourth quarter. First Republic Investment Management Inc. now owns 73,489 shares of the transportation company’s stock valued at $8,424,000 after buying an additional 304 shares in the last quarter. Intellectus Partners LLC bought a new stake in United Parcel Service during the fourth quarter valued at $422,000. Finally, Moloney Securities Asset Management LLC bought a new stake in United Parcel Service during the fourth quarter valued at $2,876,000. Institutional investors own 53.26% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 112.03 on Tuesday. The firm has a 50-day moving average price of $107.27 and a 200-day moving average price of $108.93. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The company has a market capitalization of $97.22 billion, a price-to-earnings ratio of 28.62 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $15.32 billion for the quarter, compared to analysts’ expectations of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “United Parcel Service, Inc. (UPS) Shares Bought by Norway Savings Bank” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/united-parcel-service-inc-ups-shares-bought-by-norway-savings-bank/1449043.html.

Several equities research analysts have recently weighed in on UPS shares. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, March 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Seaport Global Securities started coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating on the stock. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $114.57.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.59% of the company’s stock.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.