Lathrop Investment Management Corp reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 90,327 shares of the transportation company’s stock after selling 1,478 shares during the period. United Parcel Service comprises 3.0% of Lathrop Investment Management Corp’s portfolio, making the stock its 15th biggest holding. Lathrop Investment Management Corp’s holdings in United Parcel Service were worth $10,043,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Huntington National Bank increased its stake in United Parcel Service by 20.9% during the 2nd quarter. Huntington National Bank now owns 54,910 shares of the transportation company’s stock worth $6,105,000 after buying an additional 9,479 shares in the last quarter. LifePlan Financial Group Inc increased its stake in United Parcel Service by 1,711.3% during the 2nd quarter. LifePlan Financial Group Inc now owns 1,286 shares of the transportation company’s stock worth $143,000 after buying an additional 1,215 shares in the last quarter. Lyell Wealth Management LP purchased a new stake in United Parcel Service during the 2nd quarter worth approximately $343,000. Chartwell Investment Partners LLC increased its stake in United Parcel Service by 2.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 65,329 shares of the transportation company’s stock worth $7,263,000 after buying an additional 1,647 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in United Parcel Service by 11.9% during the 2nd quarter. State of Michigan Retirement System now owns 179,819 shares of the transportation company’s stock worth $19,992,000 after buying an additional 19,133 shares in the last quarter. Institutional investors own 54.67% of the company’s stock.

UPS traded up $1.30 during trading hours on Friday, reaching $142.76. The company’s 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 fifty-two week low of $82.00 and a fifty-two week high of $145.50. The stock has a market cap of $123.08 billion, a PE ratio of 28.38, a P/E/G ratio of 3.49 and a beta of 0.84. The business’s 50-day moving average is $113.28 and its 200-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.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.06. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The company had revenue of $20.46 billion for the quarter, compared to analysts’ expectations of $17.42 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 5.52 EPS for the current year.

In other news, CEO Carol B. Tome purchased 10,100 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the completion of the purchase, the chief executive officer now directly owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Several research firms have commented on UPS. TheStreet upgraded United Parcel Service from a “c+” rating to a “b-” rating in a research note on Wednesday, June 10th. Citigroup upped their price target on United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. BMO Capital Markets upped their price target on United Parcel Service from $95.00 to $115.00 and gave the company an “underperform” rating in a research report on Friday. They noted that the move was a valuation call. Credit Suisse Group upped their price target on United Parcel Service from $118.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday. Finally, KeyCorp restated a “hold” rating on shares of United Parcel Service in a research report on Monday, April 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $123.62.

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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