InterOcean Capital LLC Purchases 18,187 Shares of United Parcel Service, Inc. (UPS)

InterOcean Capital LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,778 shares of the transportation company’s stock after acquiring an additional 18,187 shares during the quarter. United Parcel Service accounts for 1.6% of InterOcean Capital LLC’s holdings, making the stock its 23rd biggest position. InterOcean Capital LLC’s holdings in United Parcel Service were worth $10,421,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UPS. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of United Parcel Service by 4.8% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 12,219 shares of the transportation company’s stock valued at $1,311,000 after buying an additional 561 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of United Parcel Service by 923.2% in the 1st quarter. Bank of Nova Scotia now owns 157,723 shares of the transportation company’s stock valued at $16,923,000 after buying an additional 142,308 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. DnB Asset Management AS now owns 77,203 shares of the transportation company’s stock valued at $8,538,000 after buying an additional 200 shares during the last quarter. First PREMIER Bank boosted its holdings in shares of United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the last quarter. Finally, American National Bank boosted its holdings in shares of United Parcel Service by 5.6% in the 2nd quarter. American National Bank now owns 2,577 shares of the transportation company’s stock valued at $285,000 after buying an additional 137 shares during the last quarter. 53.49% of the stock is owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (UPS) opened at $129.79 on Thursday. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $130.46. 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 firm has a market capitalization of $111,840.00, a price-to-earnings ratio of 31.89, a P/E/G ratio of 2.12 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that United Parcel Service, Inc. will post 6 earnings per share for the current year.

Several equities research analysts have recently commented on UPS shares. Oppenheimer reissued a “buy” rating and issued a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Cowen reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Sunday, October 1st. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Bank of America reissued a “neutral” rating and issued a $124.00 price objective (up previously from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.09.

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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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