United Parcel Service, Inc. (UPS) Holdings Trimmed by Geneva Advisors LLC

Geneva Advisors LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 37.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,360 shares of the transportation company’s stock after selling 198,228 shares during the quarter. Geneva Advisors LLC’s holdings in United Parcel Service were worth $36,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Xact Kapitalforvaltning AB boosted its holdings in United Parcel Service by 2.2% in the first quarter. Xact Kapitalforvaltning AB now owns 94,940 shares of the transportation company’s stock worth $10,187,000 after acquiring an additional 2,036 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in United Parcel Service by 7.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 15,701 shares of the transportation company’s stock worth $1,685,000 after acquiring an additional 1,115 shares in the last quarter. Crawford Investment Counsel Inc. boosted its holdings in United Parcel Service by 7.6% in the first quarter. Crawford Investment Counsel Inc. now owns 689,612 shares of the transportation company’s stock worth $73,995,000 after acquiring an additional 48,434 shares in the last quarter. Swiss National Bank boosted its holdings in United Parcel Service by 23.8% in the first quarter. Swiss National Bank now owns 2,796,877 shares of the transportation company’s stock worth $300,105,000 after acquiring an additional 537,300 shares in the last quarter. Finally, World Asset Management Inc boosted its holdings in United Parcel Service by 19.0% in the first quarter. World Asset Management Inc now owns 77,084 shares of the transportation company’s stock worth $8,271,000 after acquiring an additional 12,326 shares in the last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.

UPS has been the subject of several recent analyst reports. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Sanford C. Bernstein restated an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $117.25.

United Parcel Service, Inc. (UPS) opened at 119.76 on Friday. The company’s 50-day moving average price is $117.75 and its 200 day moving average price is $111.22. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.80. The stock has a market capitalization of $103.71 billion, a PE ratio of 29.45 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping 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 company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Xact Kapitalforvaltning AB boosted its holdings in United Parcel Service by 2.2% in the first quarter. Xact Kapitalforvaltning AB now owns 94,940 shares of the transportation company’s stock worth $10,187,000 after acquiring an additional 2,036 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in United Parcel Service by 7.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 15,701 shares of the transportation company’s stock worth $1,685,000 after acquiring an additional 1,115 shares in the last quarter. Crawford Investment Counsel Inc. boosted its holdings in United Parcel Service by 7.6% in the first quarter. Crawford Investment Counsel Inc. now owns 689,612 shares of the transportation company’s stock worth $73,995,000 after acquiring an additional 48,434 shares in the last quarter. Swiss National Bank boosted its holdings in United Parcel Service by 23.8% in the first quarter. Swiss National Bank now owns 2,796,877 shares of the transportation company’s stock worth $300,105,000 after acquiring an additional 537,300 shares in the last quarter. Finally, World Asset Management Inc boosted its holdings in United Parcel Service by 19.0% in the first quarter. World Asset Management Inc now owns 77,084 shares of the transportation company’s stock worth $8,271,000 after acquiring an additional 12,326 shares in the last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.

UPS has been the subject of several recent analyst reports. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Sanford C. Bernstein restated an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $117.25.

United Parcel Service, Inc. (UPS) opened at 119.76 on Friday. The company’s 50-day moving average price is $117.75 and its 200 day moving average price is $111.22. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.80. The stock has a market capitalization of $103.71 billion, a PE ratio of 29.45 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping 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 company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was 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. 0.59% of the stock is currently owned by company insiders.

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United Parcel Service Company Profile

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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