Clinton Group Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 12,421 shares of the transportation company’s stock, valued at approximately $1,319,000.
Several other institutional investors have also recently made changes to their positions in UPS. Focused Wealth Management Inc acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $106,000. Massey Quick Simon & CO. LLC raised its stake in shares of United Parcel Service by 2,857.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 1,000 shares in the last quarter. Wagner Wealth Management LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at approximately $115,000. Gables Capital Management Inc. bought a new position in shares of United Parcel Service in the 1st quarter valued at approximately $119,000. Finally, Silvant Capital Management LLC bought a new position in shares of United Parcel Service in the 1st quarter valued at approximately $122,000. Institutional investors and hedge funds own 53.45% of the company’s stock.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.
A number of research analysts recently weighed in on UPS shares. Loop Capital raised their price objective on United Parcel Service to $139.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Robert W. Baird reissued a “hold” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Tuesday, April 10th. Stephens reissued a “hold” rating and issued a $126.00 price objective on shares of United Parcel Service in a research note on Monday, April 9th. Finally, BMO Capital Markets cut their price objective on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. United Parcel Service has an average rating of “Hold” and an average target price of $124.33.
Shares of NYSE UPS opened at $106.03 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 14.84. The company has a market capitalization of $91.36 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05. 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 issued its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The company had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 EPS. research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
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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