Doliver Capital Advisors LP purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,845 shares of the transportation company’s stock, valued at approximately $215,000.
A number of other large investors have also recently modified their holdings of the stock. Legacy Financial Advisors Inc. purchased a new stake in United Parcel Service in the 2nd quarter valued at about $111,000. First PREMIER Bank purchased a new stake in United Parcel Service in the 2nd quarter valued at about $109,000. Moneta Group Investment Advisors LLC boosted its position in 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 valued at $117,000 after buying an additional 600 shares during the period. Signature Wealth Management Group purchased a new stake in United Parcel Service in the 2nd quarter valued at about $118,000. Finally, Advisors Preferred LLC boosted its position in United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,015 shares during the period. Institutional investors own 53.65% of the company’s stock.
In other news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.
UPS has been the subject of several research reports. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Monday, July 16th. Goldman Sachs Group set a $139.00 price objective 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 objective for the company in a research report on Tuesday, July 24th. Citigroup lowered their price objective on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Finally, Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $125.66.
Shares of UPS opened at $108.65 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a market capitalization of $91.19 billion, a PE ratio of 18.08, a price-to-earnings-growth 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 1.14.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The firm had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.48 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current year.
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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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