US Bancorp DE lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 402,621 shares of the transportation company’s stock after selling 7,664 shares during the quarter. US Bancorp DE’s holdings in United Parcel Service were worth $47,007,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First PREMIER Bank purchased a new stake in shares of United Parcel Service in the 2nd quarter worth $109,000. Legacy Financial Advisors Inc. purchased a new stake in shares of United Parcel Service in the 2nd quarter worth $111,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after buying an additional 600 shares during the period. Signature Wealth Management Group purchased a new stake in shares of United Parcel Service in the 2nd quarter worth $118,000. Finally, Advisors Preferred LLC lifted its holdings in shares of United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after buying an additional 1,015 shares during the period. Institutional investors own 53.90% of the company’s stock.
In related news, insider George Willis sold 4,312 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Several brokerages have weighed in on UPS. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the stock a “buy” rating in a report on Monday, September 10th. Raymond James upgraded United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 target price for the company in a report on Tuesday, September 4th. Stephens set a $128.00 target price on United Parcel Service and gave the stock a “hold” rating in a report on Wednesday, July 25th. BMO Capital Markets upped their target price on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $125.00 target price on shares of United Parcel Service in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. United Parcel Service has a consensus rating of “Hold” and an average target price of $125.52.
UPS opened at $105.99 on Friday. The firm has a market capitalization of $91.19 billion, a PE ratio of 15.18, a P/E/G ratio of 1.58 and a beta of 1.14. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.21. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
United Parcel Service 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.
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