Northwestern Mutual Investment Management Company LLC Sells 112,983 Shares of United Parcel Service, Inc. (UPS)

Northwestern Mutual Investment Management Company LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 81.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,340 shares of the transportation company’s stock after selling 112,983 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in United Parcel Service were worth $2,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Synovus Financial Corp grew its holdings in United Parcel Service by 3.8% during the second quarter. Synovus Financial Corp now owns 182,596 shares of the transportation company’s stock valued at $20,204,000 after purchasing an additional 6,688 shares during the period. Matrix Asset Advisors Inc. NY grew its holdings in United Parcel Service by 31.1% during the second quarter. Matrix Asset Advisors Inc. NY now owns 84,139 shares of the transportation company’s stock valued at $9,305,000 after purchasing an additional 19,962 shares during the period. Flagship Harbor Advisors LLC grew its holdings in United Parcel Service by 28.3% during the second quarter. Flagship Harbor Advisors LLC now owns 2,481 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 548 shares during the period. SNS Financial Group LLC grew its holdings in United Parcel Service by 0.5% during the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 24 shares during the period. Finally, Advent Capital Management DE grew its holdings in United Parcel Service by 4.3% during the second quarter. Advent Capital Management DE now owns 79,700 shares of the transportation company’s stock valued at $8,814,000 after purchasing an additional 3,320 shares during the period. 52.87% of the stock is owned by institutional investors and hedge funds.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.59% of the stock is owned by insiders.

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Shares of United Parcel Service, Inc. (UPS) opened at 117.53 on Wednesday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75. The firm’s 50-day moving average is $118.52 and its 200 day moving average is $111.94. The company has a market capitalization of $101.78 billion, a price-to-earnings ratio of 28.90 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

A number of brokerages recently issued reports on UPS. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group restated a “hold” rating and set a $116.00 price objective (up previously 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. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, J P Morgan Chase & Co boosted their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. One equities research 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $119.11.

United Parcel Service 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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