Tiedemann Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,861 shares of the transportation company’s stock after acquiring an additional 1,157 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in United Parcel Service were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of UPS. State of Wisconsin Investment Board grew its stake in 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 grew its stake in 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. grew its stake in 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. Crossmark Global Holdings Inc. acquired a new stake in United Parcel Service during the third quarter worth approximately $8,978,000. Finally, Dividend Assets Capital LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $575,000. Institutional investors own 53.56% of the company’s stock.
Several equities research analysts recently commented on the company. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Robert W. Baird reissued a “hold” rating and issued a $130.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 9th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Goldman Sachs Group assumed coverage on United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Finally, Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $126.14.
Shares of United Parcel Service, Inc. (NYSE UPS) traded down $3.04 during trading on Friday, reaching $116.47. The company had a trading volume of 9,162,581 shares, compared to its average volume of 3,720,000. The company has a market capitalization of $100,370.00, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.95 and a beta of 0.91. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $135.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. United Parcel Service’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 5.99 EPS for the current fiscal year.
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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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