Veritas Investment Management LLP trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,300 shares of the transportation company’s stock after selling 400 shares during the quarter. Veritas Investment Management LLP’s holdings in United Parcel Service were worth $144,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UPS. V Wealth Management LLC acquired a new stake in United Parcel Service in the second quarter worth $102,000. Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 17.3% in the first 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 holdings in United Parcel Service by 5.0% in the second 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 in the first quarter worth $126,000. Finally, Winslow Evans & Crocker Inc. grew its holdings in United Parcel Service by 261.3% in the second 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. Institutional investors and hedge funds own 52.87% of the company’s stock.

A number of equities research analysts have commented on UPS shares. 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, October 12th. Loop Capital raised their price target on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded 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. Credit Suisse Group reiterated a “hold” rating and set a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $119.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a net margin of 7.91% and a return on equity of 364.35%. The company had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm posted $1.44 EPS. United Parcel Service’s revenue for the quarter was up 7.0% on a year-over-year basis.

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In related news, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.59% of the company’s stock.

United Parcel Service Company 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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