Ladenburg Thalmann Financial Services Inc. Has $22.63 Million Position in United Parcel Service (UPS)

Ladenburg Thalmann Financial Services Inc. boosted its stake in United Parcel Service (NYSE:UPS) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,880 shares of the transportation company’s stock after buying an additional 3,318 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in United Parcel Service were worth $22,633,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in UPS. Janus Henderson Group PLC increased its stake in shares of United Parcel Service by 775.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock worth $305,978,000 after purchasing an additional 2,450,868 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of United Parcel Service by 119.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after purchasing an additional 1,419,245 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after purchasing an additional 1,262,293 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $76,351,000. Finally, Bank of New York Mellon Corp increased its stake in shares of United Parcel Service by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock worth $725,311,000 after purchasing an additional 577,544 shares during the last quarter. Institutional investors own 54.06% of the company’s stock.

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A number of research analysts recently issued reports on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price on the stock. in a research note on Thursday, February 22nd. Loop Capital raised their target price on shares of United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley raised their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Finally, Edward Jones upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $125.21.

In other news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

NYSE UPS opened at $105.33 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 19.69. The firm has a market capitalization of $91,684.24, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.59 and a beta of 1.03. United Parcel Service has a 52-week low of $101.45 and a 52-week high of $135.53.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. research analysts forecast that United Parcel Service will post 7.23 EPS for the current fiscal year.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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