Northern Trust Corp Has $931.62 Million Position in United Parcel Service, Inc. (UPS)

Northern Trust Corp lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,769,873 shares of the transportation company’s stock after selling 93,033 shares during the period. Northern Trust Corp owned 1.02% of United Parcel Service worth $931,623,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Harrington Investments INC acquired a new position in United Parcel Service during the 2nd quarter worth $1,940,000. Steigerwald Gordon & Koch Inc. raised its position in shares of United Parcel Service by 17.5% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 78,053 shares of the transportation company’s stock valued at $8,286,000 after buying an additional 11,612 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of United Parcel Service during the second quarter valued at about $498,000. Schroder Investment Management Group raised its position in shares of United Parcel Service by 18.2% during the second quarter. Schroder Investment Management Group now owns 27,064 shares of the transportation company’s stock valued at $2,866,000 after buying an additional 4,161 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV raised its position in shares of United Parcel Service by 4,846.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 890,030 shares of the transportation company’s stock valued at $9,208,000 after buying an additional 872,038 shares during the last quarter. 53.96% of the stock is owned by institutional investors and hedge funds.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The disclosure for this sale can be found here. Insiders have sold 8,512 shares of company stock worth $1,031,932 over the last ninety days. Insiders own 0.56% of the company’s stock.

NYSE UPS traded up $1.88 on Friday, reaching $115.64. The company’s stock had a trading volume of 2,922,666 shares, compared to its average volume of 3,493,241. The stock has a market cap of $100.45 billion, a P/E ratio of 19.24, a PEG ratio of 1.74 and a beta of 1.16. United Parcel Service, Inc. has a 52 week low of $101.45 and a 52 week high of $135.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.54.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. The business had revenue of $17.46 billion for the quarter, compared to analysts’ expectations of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.25 earnings per share for the current year.

A number of brokerages have recently commented on UPS. BMO Capital Markets upped their price objective on shares of United Parcel Service to $128.00 and gave the company a “market perform” rating in a research report on Thursday, July 26th. Cowen reaffirmed a “hold” rating and set a $128.00 price objective on shares of United Parcel Service in a research report on Thursday, July 26th. ValuEngine lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Friday. Finally, Morgan Stanley upped their price objective on shares of United Parcel Service from $92.00 to $93.00 and gave the company a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $125.49.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Featured Article: What are the Different Types of Leveraged Buyouts?

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply