Griffin Asset Management Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 102.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,745 shares of the transportation company’s stock after purchasing an additional 6,435 shares during the period. Griffin Asset Management Inc.’s holdings in United Parcel Service were worth $1,531,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of UPS. Vanguard Group Inc. grew its holdings in United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after acquiring an additional 1,262,293 shares during the period. FMR LLC grew its holdings in United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after acquiring an additional 71,666 shares during the period. Lazard Asset Management LLC grew its holdings in United Parcel Service by 48.1% during the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after acquiring an additional 2,087,477 shares during the period. Franklin Resources Inc. grew its holdings in United Parcel Service by 10.6% during the second quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock worth $623,198,000 after acquiring an additional 539,620 shares during the period. Finally, Legal & General Group Plc grew its holdings in United Parcel Service by 3.0% during the third quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock worth $482,280,000 after acquiring an additional 118,403 shares during the period. 53.50% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on UPS. Credit Suisse Group reaffirmed a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a report on Wednesday. Bank of America reaffirmed a “neutral” rating and set a $124.00 target price (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets lifted their target price on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, Goldman Sachs Group began coverage on United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $124.09.
United Parcel Service, Inc. (UPS) opened at $133.59 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53. The firm has a market capitalization of $115,120.00, a price-to-earnings ratio of 32.82, a P/E/G ratio of 2.07 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the company posted $1.44 EPS. United Parcel Service’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts expect that United Parcel Service, Inc. will post 5.99 earnings per share for the current fiscal year.
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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.
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