Butensky & Cohen Financial Security Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,941 shares of the transportation company’s stock after acquiring an additional 1,085 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in United Parcel Service were worth $1,744,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. First PREMIER Bank purchased a new stake in United Parcel Service during the 2nd quarter valued at approximately $109,000. Legacy Financial Advisors Inc. purchased a new stake in United Parcel Service during the 2nd quarter valued at approximately $111,000. Moneta Group Investment Advisors LLC grew its holdings in United Parcel Service by 118.8% during 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 in the last quarter. Signature Wealth Management Group purchased a new stake in United Parcel Service during the 2nd quarter valued at approximately $118,000. Finally, Gables Capital Management Inc. purchased a new stake in United Parcel Service during the 1st quarter valued at approximately $119,000. Institutional investors own 53.96% of the company’s stock.
Shares of UPS stock traded up $1.83 on Friday, reaching $115.59. The company’s stock had a trading volume of 240,544 shares, compared to its average volume of 3,495,467. United Parcel Service, Inc. has a 1 year low of $101.45 and a 1 year high of $135.53. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $100.45 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16.
United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The firm had revenue of $17.46 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the firm posted $1.58 earnings per share. United Parcel Service’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.25 EPS for the current year.
A number of equities research analysts have issued reports on UPS shares. Goldman Sachs Group set a $150.00 price objective on shares of United Parcel Service and gave the company a “buy” rating in a report on Monday, September 10th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 price objective for the company in a report on Monday, October 1st. Morgan Stanley increased their price objective on shares of United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. Berenberg Bank started coverage on shares of United Parcel Service in a report on Friday, September 21st. They set a “hold” rating and a $125.00 price objective for the company. They noted that the move was a valuation call. Finally, Credit Suisse Group increased their price objective on shares of United Parcel Service from $114.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $125.49.
In other United Parcel Service 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 transaction of $523,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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. Over the last three months, insiders sold 8,512 shares of company stock valued at $1,031,932. 0.56% of the stock is currently owned by insiders.
United Parcel Service 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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