United Parcel Service, Inc. (UPS) Shares Bought by Willingdon Wealth Management

Willingdon Wealth Management increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 49.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,282 shares of the transportation company’s stock after purchasing an additional 9,722 shares during the quarter. Willingdon Wealth Management’s holdings in United Parcel Service were worth $3,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in United Parcel Service by 122.0% during the 3rd quarter. Parallel Advisors LLC now owns 4,895 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 2,690 shares in the last quarter. JNBA Financial Advisors lifted its position in United Parcel Service by 986.4% during the third quarter. JNBA Financial Advisors now owns 4,541 shares of the transportation company’s stock valued at $530,000 after buying an additional 4,123 shares in the last quarter. Camarda Financial Advisors LLC lifted its position in United Parcel Service by 45.5% during the third quarter. Camarda Financial Advisors LLC now owns 3,200 shares of the transportation company’s stock valued at $374,000 after buying an additional 1,000 shares in the last quarter. Strategic Financial Group LLC lifted its position in United Parcel Service by 31.3% during the third quarter. Strategic Financial Group LLC now owns 74,647 shares of the transportation company’s stock valued at $8,715,000 after buying an additional 17,803 shares in the last quarter. Finally, Greatmark Investment Partners Inc. lifted its position in United Parcel Service by 5.0% during the third quarter. Greatmark Investment Partners Inc. now owns 62,531 shares of the transportation company’s stock valued at $7,300,000 after buying an additional 2,959 shares in the last quarter. Institutional investors and hedge funds own 53.65% of the company’s stock.

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

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

A number of research analysts have weighed in on UPS shares. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Monday, July 16th. Goldman Sachs Group set a $139.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Tuesday, July 24th. Citigroup reduced their price target on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Cowen reaffirmed a “hold” rating and set a $128.00 price target on shares of United Parcel Service in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $125.52.

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

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.

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

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