Assenagon Asset Management S.A. Has $3.72 Million Stake in United Parcel Service, Inc. (UPS)

Assenagon Asset Management S.A. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 64.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,862 shares of the transportation company’s stock after acquiring an additional 12,482 shares during the quarter. Assenagon Asset Management S.A.’s holdings in United Parcel Service were worth $3,720,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Ronna Sue Cohen boosted its position in shares of United Parcel Service by 34.9% during the 3rd quarter. Ronna Sue Cohen now owns 27,783 shares of the transportation company’s stock worth $3,244,000 after acquiring an additional 7,193 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of United Parcel Service during the 2nd quarter worth about $260,000. NN Investment Partners Holdings N.V. boosted its position in shares of United Parcel Service by 3.3% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 119,531 shares of the transportation company’s stock worth $13,954,000 after acquiring an additional 3,802 shares in the last quarter. First Bank & Trust boosted its position in shares of United Parcel Service by 26.3% during the 3rd quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock worth $823,000 after acquiring an additional 1,395 shares in the last quarter. Finally, City Holding Co. acquired a new position in shares of United Parcel Service during the 2nd quarter worth about $2,672,000. 53.90% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE UPS opened at $105.99 on Monday. The stock has a market capitalization of $91.19 billion, a P/E ratio of 17.64, a PEG ratio of 1.58 and a beta of 1.14. The company has a quick ratio of 1.21, a current ratio of 1.14 and a debt-to-equity ratio of 6.43. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analysts’ expectations 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 was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Citigroup cut United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday. Goldman Sachs Group set a $147.00 price objective on United Parcel Service and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Credit Suisse Group decreased their target price on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Robert W. Baird decreased their target price on United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, Raymond James decreased their target price on United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $125.52.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

About United Parcel Service

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

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