Wealth Enhancement Advisory Services LLC Buys Shares of 16,978 United Parcel Service, Inc. (UPS)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,978 shares of the transportation company’s stock, valued at approximately $1,833,000.

Other large investors also recently made changes to their positions in the company. Montag A & Associates Inc. lifted its stake in shares of United Parcel Service by 2.8% during the 2nd quarter. Montag A & Associates Inc. now owns 17,536 shares of the transportation company’s stock worth $1,863,000 after purchasing an additional 471 shares during the period. Bridge Creek Capital Management LLC lifted its stake in shares of United Parcel Service by 1.4% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 36,252 shares of the transportation company’s stock worth $4,232,000 after purchasing an additional 485 shares during the period. First Allied Advisory Services Inc. lifted its stake in shares of United Parcel Service by 2.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 17,469 shares of the transportation company’s stock worth $1,849,000 after purchasing an additional 492 shares during the period. Stanley Laman Group Ltd. lifted its stake in shares of United Parcel Service by 7.2% during the 2nd quarter. Stanley Laman Group Ltd. now owns 7,427 shares of the transportation company’s stock worth $789,000 after purchasing an additional 496 shares during the period. Finally, Secrest Blakey & Associates LLC lifted its stake in shares of United Parcel Service by 3.6% during the 2nd quarter. Secrest Blakey & Associates LLC now owns 14,655 shares of the transportation company’s stock worth $1,557,000 after purchasing an additional 507 shares during the period. Hedge funds and other institutional investors own 53.65% of the company’s stock.

NYSE:UPS opened at $108.65 on Wednesday. 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, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53. The stock has a market capitalization of $91.19 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.58 and a beta of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same period last year, the company posted $1.45 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

In other United Parcel Service news, insider George Willis sold 4,312 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO James J. Barber sold 2,500 shares of the firm’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. Company insiders own 0.56% of the company’s stock.

Several brokerages recently 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 research report on Monday, September 10th. Raymond James raised United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 target price on the stock in a research 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 research report on Wednesday, July 25th. BMO Capital Markets increased their target price on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $125.00 target price on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $125.66.

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

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