Sigma Planning Corp Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sigma Planning Corp lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,802 shares of the transportation company’s stock after purchasing an additional 945 shares during the quarter. Sigma Planning Corp’s holdings in United Parcel Service were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board boosted its holdings in shares of United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management boosted its holdings in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after purchasing an additional 4,541 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares during the period. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after purchasing an additional 1,030,326 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of United Parcel Service during the third quarter worth about $8,978,000. 53.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $134.09 on Friday. 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 company has a market cap 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, Inc. has a 52-week low of $102.12 and a 52-week high of $134.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. The company 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%. United Parcel Service’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 posted $1.44 EPS. analysts anticipate that United Parcel Service, Inc. will post 6 earnings per share for the current fiscal year.

UPS has been the subject of a number of research reports. Oppenheimer reissued a “buy” rating and issued a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Cowen reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research note on Sunday, October 1st. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Bank of America reaffirmed a “neutral” rating and set a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. One research 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 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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