Anchor Capital Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 69,210 shares of the transportation company’s stock after selling 2,300 shares during the quarter. Anchor Capital Advisors LLC’s holdings in United Parcel Service were worth $7,654,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. V Wealth Management LLC purchased a new stake in United Parcel Service in the 2nd quarter worth $102,000. Parkside Financial Bank & Trust lifted its holdings in United Parcel Service by 17.3% during 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 in the last quarter. First PREMIER Bank lifted its holdings in United Parcel Service by 5.0% during 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 in the last quarter. Ullmann Financial Group Inc. purchased a new position in United Parcel Service during the first quarter valued at $126,000. Finally, Winslow Evans & Crocker Inc. lifted its holdings in United Parcel Service by 261.3% during 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 in the last quarter. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (UPS) opened at 120.09 on Monday. The stock’s 50 day moving average price is $114.04 and its 200 day moving average price is $109.26. The stock has a market cap of $103.99 billion, a price-to-earnings ratio of 29.53 and a beta of 0.88. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the company’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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’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 disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

Several analysts have recently issued reports on UPS shares. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Sunday. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $115.27.

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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.

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

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