Institute for Wealth Management LLC. Has $1.04 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Institute for Wealth Management LLC. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,323 shares of the transportation company’s stock after buying an additional 361 shares during the quarter. Institute for Wealth Management LLC.’s holdings in United Parcel Service were worth $1,037,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of United Parcel Service by 145.7% in the 4th quarter. AQR Capital Management LLC now owns 6,059 shares of the transportation company’s stock valued at $706,000 after buying an additional 3,593 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of United Parcel Service by 11.2% in the 4th quarter. Sunbelt Securities Inc. now owns 29,584 shares of the transportation company’s stock valued at $3,463,000 after buying an additional 2,974 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of United Parcel Service by 25.0% in the 4th quarter. Macquarie Group Ltd. now owns 212,231 shares of the transportation company’s stock valued at $24,843,000 after buying an additional 42,447 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position 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 valued at $1,246,000 after buying an additional 3,975 shares in the last quarter. Finally, IMS Capital Management increased its position in shares of United Parcel Service by 190.2% in the 1st quarter. IMS Capital Management now owns 6,873 shares of the transportation company’s stock valued at $642,000 after buying an additional 4,505 shares in the last quarter. 54.67% of the stock is owned by institutional investors.

In other news, CEO Carol B. Tome bought 10,100 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the purchase, the chief executive officer now owns 13,036 shares of the company’s stock, valued at approximately $1,294,865.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

UPS has been the subject of a number of research reports. Berenberg Bank reiterated a “neutral” rating and set a $105.00 target price on shares of United Parcel Service in a report on Tuesday, April 28th. Stifel Nicolaus lowered their target price on United Parcel Service from $104.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Raymond James increased their target price on United Parcel Service from $135.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Friday. Morgan Stanley increased their target price on United Parcel Service from $60.00 to $66.00 and gave the stock an “underweight” rating in a report on Friday. Finally, CSFB lowered their target price on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average price target of $123.62.

NYSE:UPS traded up $1.30 during mid-day trading on Friday, hitting $142.76. The stock had a trading volume of 7,430,530 shares, compared to its average volume of 4,291,797. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.50. The stock has a market cap of $123.08 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.49 and a beta of 0.84. The company’s 50 day simple moving average is $113.28 and its 200 day simple moving average is $103.54. The company has a debt-to-equity ratio of 5.86, a quick ratio of 1.22 and a current ratio of 1.24.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $1.06. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The business had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $17.42 billion. During the same period last year, the business posted $1.96 EPS. United Parcel Service’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service, Inc. will post 5.52 earnings per share for the current year.

United Parcel Service Company 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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