United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,330 shares of the transportation company’s stock after selling 342 shares during the quarter. Koshinski Asset Management Inc.’s holdings in United Parcel Service were worth $593,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UPS. AQR Capital Management LLC boosted its stake in United Parcel Service by 1,899.6% during the first quarter. AQR Capital Management LLC now owns 121,158 shares of the transportation company’s stock valued at $11,319,000 after buying an additional 115,099 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of United Parcel Service by 59.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,672 shares of the transportation company’s stock worth $1,246,000 after purchasing an additional 3,975 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of United Parcel Service by 19.6% in the 2nd quarter. Sound Income Strategies LLC now owns 561 shares of the transportation company’s stock worth $62,000 after purchasing an additional 92 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in shares of United Parcel Service by 6.2% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 21,062 shares of the transportation company’s stock worth $2,342,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its stake in United Parcel Service by 1,643.2% during the first quarter. Franklin Street Advisors Inc. NC now owns 38,175 shares of the transportation company’s stock valued at $3,566,000 after purchasing an additional 35,985 shares during the last quarter. Institutional investors own 54.67% of the company’s stock.

Several research analysts have issued reports on the company. Wells Fargo & Co upped their price target on United Parcel Service from $111.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. KeyCorp reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Monday, April 20th. UBS Group increased their price target on United Parcel Service from $121.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $113.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Credit Suisse Group upped their price objective on shares of United Parcel Service from $118.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $123.62.

In other United Parcel Service news, CEO Carol B. Tome purchased 10,100 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $99.33 per share, for a total transaction of $1,003,233.00. Following the acquisition, the chief executive officer now owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Shares of UPS stock opened at $142.76 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.50. The stock’s 50-day moving average is $113.28 and its two-hundred day moving average is $103.54. The company has a debt-to-equity ratio of 5.86, a current ratio of 1.24 and a quick ratio of 1.22. The firm has a market cap of $123.08 billion, a P/E ratio of 19.14, a PEG ratio of 3.52 and a beta of 0.84.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $1.06. The business had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $17.42 billion. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 5.68 EPS for the current year.

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.

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

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