Suntrust Banks INC Lifted United Parcel Service INC (UPS) Holding by $4.68 Million as Share Price Declined

March 14, 2018 - By Nellie Frank

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.05 in 2017Q2. It is positive, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Sei Invests invested 0.12% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Next Gru stated it has 8,858 shares. State Of Tennessee Treasury Department reported 435,480 shares stake. Department Mb Bancorporation N A reported 0.06% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Mcf Advsrs Lc holds 1,454 shares. Papp L Roy Associate stated it has 58,222 shares or 1.51% of all its holdings. Haverford Tru Com owns 349,424 shares for 0.88% of their portfolio. Dnb Asset Mngmt As holds 83,103 shares or 0.13% of its portfolio. 8,673 were reported by Lincoln National. 8,160 are held by Lombard Odier Asset Mngmt (Europe). Veritas Inv (Uk) has 0.03% invested in United Parcel Service, Inc. (NYSE:UPS). Ci Investments reported 0.21% in United Parcel Service, Inc. (NYSE:UPS). Salem Invest Counselors reported 209 shares. Bkd Wealth Advsr Ltd Llc, Missouri-based fund reported 5,850 shares. 17,800 are owned by Etrade Ltd Liability Company.

Since February 26, 2018, it had 0 insider purchases, and 1 sale for $480,600 activity.

Suntrust Banks Inc increased its stake in United Parcel Service Inc (UPS) by 19.12% based on its latest 2017Q3 regulatory filing with the SEC. Suntrust Banks Inc bought 39,007 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 243,068 shares of the transportation company at the end of 2017Q3, valued at $29.19 million, up from 204,061 at the end of the previous reported quarter. Suntrust Banks Inc who had been investing in United Parcel Service Inc for a number of months, seems to be bullish on the $93.76B market cap company. The stock decreased 0.47% or $0.51 during the last trading session, reaching $108.82. About 1.50 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since March 14, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Suntrust Banks Inc, which manages about $18.46B US Long portfolio, decreased its stake in United Technologies Corp (NYSE:UTX) by 44,241 shares to 248,419 shares, valued at $28.84M in 2017Q3, according to the filing. It also reduced its holding in Goldman Sachs Group Inc (NYSE:GS) by 14,615 shares in the quarter, leaving it with 235,158 shares, and cut its stake in Spdr Series Trust (KRE).

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: which released: “UPS fills long-time vacancy at COO” on March 06, 2018, also with their article: “Have a look: UPS is updating the cockpits of most of its aircraft” published on March 02, 2018, published: “UPS: Pick Up Near 52-Week Low” on February 21, 2018. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: and their article: “Trade of the Day: United Parcel Service, Inc. Is a Trend-Follower” published on February 20, 2018 as well as‘s news article titled: “UPS Sues EU for $2.1 Billion After Botched Veto of TNT Bid” with publication date: February 26, 2018.

United Parcel Service, Inc. (NYSE:UPS) Ratings Coverage

Among 24 analysts covering United Parcel Service (NYSE:UPS), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. United Parcel Service had 72 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, February 8, the company rating was upgraded by Aegis Capital. The firm has “Buy” rating given on Thursday, July 27 by Oppenheimer. UBS maintained United Parcel Service, Inc. (NYSE:UPS) rating on Friday, October 27. UBS has “Neutral” rating and $126 target. The firm has “Hold” rating given on Thursday, July 27 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, October 12 by Credit Suisse. The stock has “Hold” rating by Deutsche Bank on Wednesday, November 2. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, February 1 report. Loop Capital initiated it with “Hold” rating and $124 target in Tuesday, December 20 report. The stock has “Neutral” rating by JP Morgan on Tuesday, December 13. Cowen & Co maintained the shares of UPS in report on Monday, August 21 with “Hold” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: