Vigilant Capital Management LLC continued to hold its stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,072 shares of the transportation company’s stock at the end of the second quarter. Vigilant Capital Management LLC’s holdings in United Parcel Service were worth $119,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Bank of The Ozarks grew its position in United Parcel Service by 17.9% during the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after buying an additional 886 shares during the period. Honeywell International Inc. grew its position in United Parcel Service by 108.6% during the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock worth $43,199,000 after buying an additional 209,600 shares during the period. Airain ltd acquired a new position in United Parcel Service during the first quarter worth about $762,000. Vanguard Group Inc. grew its position in United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares during the period. Finally, Bragg Financial Advisors Inc grew its position in United Parcel Service by 374.8% during the first quarter. Bragg Financial Advisors Inc now owns 30,853 shares of the transportation company’s stock worth $657,000 after buying an additional 24,355 shares during the period. Institutional investors and hedge funds own 52.86% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.40% during mid-day trading on Friday, hitting $120.09. 2,445,796 shares of the stock traded hands. The stock has a 50 day moving average price of $114.04 and a 200 day moving average price of $109.26. The firm has a market cap of $103.99 billion, a PE 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 announced 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. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. On average, analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “United Parcel Service, Inc. (UPS) Stake Maintained by Vigilant Capital Management LLC” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/30/united-parcel-service-inc-ups-stake-maintained-by-vigilant-capital-management-llc.html.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service 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 disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several research analysts have weighed in on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $115.27.

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.

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 & Stock 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 stocks with our FREE daily email newsletter.