Financial Consulate Inc. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,574 shares of the transportation company’s stock after selling 173 shares during the period. Financial Consulate Inc.’s holdings in United Parcel Service were worth $1,267,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UPS. Nuveen Asset Management LLC bought a new position in United Parcel Service in the 2nd quarter valued at $368,346,000. Price T Rowe Associates Inc. MD boosted its position in United Parcel Service by 36.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock valued at $1,217,400,000 after buying an additional 3,155,121 shares during the last quarter. Invesco Ltd. boosted its position in United Parcel Service by 47.3% in the 2nd quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock valued at $664,353,000 after buying an additional 2,064,682 shares during the last quarter. Atria Investments LLC boosted its position in United Parcel Service by 4,982.4% in the 2nd quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock valued at $89,057,000 after buying an additional 1,075,450 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in United Parcel Service in the 2nd quarter valued at $97,269,000. Hedge funds and other institutional investors own 55.29% of the company’s stock.
A number of brokerages have commented on UPS. UBS Group increased their price objective on United Parcel Service to $128.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research note on Monday, July 29th. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Monday, August 26th. Loop Capital set a $140.00 price target on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $120.46.
Shares of UPS stock traded up $1.05 during trading hours on Thursday, reaching $118.55. The company had a trading volume of 56,365 shares, compared to its average volume of 3,091,935. The company has a 50 day moving average of $118.62 and a 200 day moving average of $109.74. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $99.50 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.76 and a beta of 1.24. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $123.63.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The business had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.51 EPS 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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