Klingenstein Fields & Co. LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,024 shares of the transportation company’s stock after purchasing an additional 4,946 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in United Parcel Service were worth $15,855,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. State of Tennessee Treasury Department grew its position in shares of United Parcel Service by 11.2% in the 3rd quarter. State of Tennessee Treasury Department now owns 435,480 shares of the transportation company’s stock worth $52,297,000 after buying an additional 43,875 shares during the period. State of Wisconsin Investment Board grew its position in shares of United Parcel Service by 39.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 998,767 shares of the transportation company’s stock worth $119,942,000 after buying an additional 280,291 shares during the period. Legacy Advisors LLC purchased a new stake in shares of United Parcel Service in the 3rd quarter worth about $223,000. Mn Services Vermogensbeheer B.V. grew its position in shares of United Parcel Service by 0.9% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 113,270 shares of the transportation company’s stock worth $13,603,000 after buying an additional 1,000 shares during the period. Finally, Chicago Equity Partners LLC grew its position in United Parcel Service by 92.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 5,800 shares of the transportation company’s stock valued at $697,000 after purchasing an additional 2,780 shares during the last quarter. Institutional investors and hedge funds own 53.49% of the company’s stock.
United Parcel Service, Inc. (UPS) traded up $0.63 during mid-day trading on Friday, hitting $134.09. 4,212,305 shares of the company were exchanged, compared to its average volume of 3,350,000. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $134.33. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $115,550.00, a price-to-earnings ratio of 32.95, a PEG ratio of 2.17 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last posted its 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. The firm had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. United Parcel Service’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 6 EPS for the current fiscal year.
Several analysts recently commented on the stock. Oppenheimer reissued a “buy” rating and set a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Bank of America reaffirmed a “neutral” rating and set a $124.00 price target (up previously from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets raised their price target 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, Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average 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.
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