Grace & White Inc. NY maintained its stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,990 shares of the transportation company’s stock at the close of the 2nd quarter. United Parcel Service accounts for 1.3% of Grace & White Inc. NY’s investment portfolio, making the stock its 29th biggest position. Grace & White Inc. NY’s holdings in United Parcel Service were worth $6,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Wealth Management LLC acquired a new stake in United Parcel Service during the 2nd quarter worth about $102,000. Parkside Financial Bank & Trust grew its position in United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after purchasing an additional 160 shares during the period. First PREMIER Bank grew its position in United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after purchasing an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new stake in United Parcel Service during the 1st quarter worth about $126,000. Finally, Winslow Evans & Crocker Inc. grew its position in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares during the period. 52.86% of the stock is currently owned by institutional investors.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at 120.09 on Friday. The company has a 50-day moving average of $114.04 and a 200-day moving average of $109.26. The stock has a market capitalization of $103.99 billion, a price-to-earnings ratio of 29.53 and a beta of 0.88. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44.

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

Several brokerages have weighed in on UPS. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Seaport Global Securities began coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued 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 price target of $115.27.

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United Parcel Service 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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