United Parcel Service, Inc. (UPS) Shares Bought by First Merchants Corp

First Merchants Corp boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 126.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,686 shares of the transportation company’s stock after buying an additional 8,765 shares during the quarter. First Merchants Corp’s holdings in United Parcel Service were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after buying an additional 5 shares during the period. Guardian Life Insurance Co. of America increased its holdings in United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares during the period. Conservest Capital Advisors Inc. increased its holdings in United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after buying an additional 23 shares during the period. Fort Pitt Capital Group LLC increased its holdings in United Parcel Service by 1.0% in the 1st quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock worth $250,000 after buying an additional 24 shares during the period. Finally, SNS Financial Group LLC increased its holdings in United Parcel Service by 0.5% in the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock worth $488,000 after buying an additional 24 shares during the period. 53.49% of the stock is owned by institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up $3.67 during trading hours on Thursday, hitting $133.46. The stock had a trading volume of 4,250,000 shares, compared to its average volume of 3,280,000. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $133.77. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market cap of $115,010.00, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted 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 return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the company earned $1.44 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. analysts forecast that United Parcel Service, Inc. will post 6 earnings per share for the current year.

Several brokerages recently weighed in on UPS. Knight Equity reiterated a “buy” rating and issued a $135.00 price target (down previously from $145.00) on shares of United Parcel Service in a report on Monday. Deutsche Bank reiterated a “buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of United Parcel Service in a report on Monday. Robert W. Baird reiterated a “hold” rating and issued a $130.00 price target on shares of United Parcel Service in a report on Tuesday. Oppenheimer reiterated a “buy” rating and issued a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Finally, Stifel Nicolaus upped their price objective on United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $123.09.

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About United Parcel Service

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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