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

Aspiriant LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,900 shares of the transportation company’s stock after selling 903 shares during the period. Aspiriant LLC’s holdings in United Parcel Service were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UPS. Vanguard Group Inc. raised its holdings in shares of United Parcel Service by 2.2% in 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 last quarter. BlackRock Inc. raised its holdings in shares of United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after buying an additional 593,756 shares during the last quarter. Institutional investors own 52.86% of the company’s stock.

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A number of research analysts have issued reports on the stock. J P Morgan Chase & Co raised their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price target (up previously from $108.00) on shares of United Parcel Service in a report on Thursday. They noted that the move was a valuation call. Bank of America Corporation reaffirmed a “neutral” rating and issued a $124.00 price target (up previously from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Friday, October 6th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $117.25.

United Parcel Service, Inc. (NYSE UPS) opened at 118.36 on Friday. The stock has a market cap of $102.50 billion, a PE ratio of 29.10 and a beta of 0.90. The firm has a 50-day moving average of $117.12 and a 200-day moving average of $110.79. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.80.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted $1.43 EPS. Equities analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

In related news, insider James J. Barber sold 3,556 shares of the stock in a transaction dated 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 through this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of the 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 disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

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.

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

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