New York State Teachers Retirement System cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 991,478 shares of the transportation company’s stock after selling 22,550 shares during the quarter. New York State Teachers Retirement System owned 0.12% of United Parcel Service worth $102,390,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Allred Capital Management LLC raised its holdings in United Parcel Service by 1.4% during the first quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock worth $799,000 after purchasing an additional 100 shares during the last quarter. Community Bank N.A. raised its holdings in United Parcel Service by 0.6% during the first quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock worth $1,802,000 after purchasing an additional 100 shares during the last quarter. Avestar Capital LLC raised its holdings in United Parcel Service by 9.0% during the first quarter. Avestar Capital LLC now owns 1,257 shares of the transportation company’s stock worth $123,000 after purchasing an additional 104 shares during the last quarter. Howe & Rusling Inc. raised its holdings in United Parcel Service by 22.8% during the first quarter. Howe & Rusling Inc. now owns 614 shares of the transportation company’s stock worth $69,000 after purchasing an additional 114 shares during the last quarter. Finally, Claro Advisors LLC raised its holdings in United Parcel Service by 5.9% during the first quarter. Claro Advisors LLC now owns 2,043 shares of the transportation company’s stock worth $228,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 55.49% of the company’s stock.

Several equities analysts recently issued reports on the company. Deutsche Bank reaffirmed a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Loop Capital boosted their price target on United Parcel Service to $140.00 and gave the stock a “buy” rating in a report on Thursday. Credit Suisse Group reissued a “buy” rating and issued a $425.00 price target on shares of Boeing in a report on Thursday. Bank of America cut TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Goldman Sachs Group cut EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $118.87.

In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Shares of NYSE UPS traded up $2.33 during trading on Friday, reaching $120.58. The company had a trading volume of 8,526,003 shares, compared to its average volume of 3,135,152. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The stock has a market capitalization of $101.78 billion, a PE ratio of 16.63, a PEG ratio of 1.82 and a beta of 1.23. The business’s 50-day simple moving average is $103.17. The company has a quick ratio of 1.13, a current ratio of 1.09 and a debt-to-equity ratio of 4.62.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal 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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