United Parcel Service, Inc. (UPS) Stake Raised by Moors & Cabot Inc.

Moors & Cabot Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,780 shares of the transportation company’s stock after buying an additional 1,172 shares during the period. Moors & Cabot Inc.’s holdings in United Parcel Service were worth $3,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of The West raised its holdings in United Parcel Service by 3.4% during the second quarter. Bank of The West now owns 17,133 shares of the transportation company’s stock worth $1,895,000 after purchasing an additional 561 shares in the last quarter. Webster Bank N. A. raised its holdings in United Parcel Service by 127.8% during the second quarter. Webster Bank N. A. now owns 1,581 shares of the transportation company’s stock worth $175,000 after purchasing an additional 887 shares in the last quarter. NEXT Financial Group Inc raised its holdings in United Parcel Service by 2.6% during the second quarter. NEXT Financial Group Inc now owns 9,477 shares of the transportation company’s stock worth $1,048,000 after purchasing an additional 241 shares in the last quarter. Trust Co. of Toledo NA OH raised its holdings in United Parcel Service by 1.4% during the second quarter. Trust Co. of Toledo NA OH now owns 15,296 shares of the transportation company’s stock worth $1,692,000 after purchasing an additional 208 shares in the last quarter. Finally, Nexus Investment Management Inc. raised its holdings in United Parcel Service by 15.5% during the second quarter. Nexus Investment Management Inc. now owns 7,450 shares of the transportation company’s stock worth $824,000 after purchasing an additional 1,000 shares in the last quarter. 53.50% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (NYSE UPS) opened at $133.08 on Friday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $135.53. 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 firm has a market cap of $114,680.00, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.08 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 earnings per share for the quarter, hitting the consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the company posted $1.44 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that United Parcel Service, Inc. will post 5.99 earnings per share for the current year.

UPS has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Loop Capital boosted their target price on United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday, October 6th. Credit Suisse Group reissued a “hold” rating and set a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $135.00 in a report on Monday, December 4th. One investment 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 an average rating of “Hold” and an average target price of $124.09.

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United Parcel Service Company 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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