United Parcel Service, Inc. (NYSE:UPS) is Verity & Verity LLC’s 4th Largest Position

Verity & Verity LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,676 shares of the transportation company’s stock after buying an additional 1,148 shares during the period. United Parcel Service comprises approximately 2.5% of Verity & Verity LLC’s holdings, making the stock its 4th largest position. Verity & Verity LLC’s holdings in United Parcel Service were worth $11,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in United Parcel Service by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 55,758,854 shares of the transportation company’s stock valued at $5,758,216,000 after buying an additional 352,497 shares during the last quarter. FMR LLC raised its stake in United Parcel Service by 19.5% during the 1st quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock valued at $1,636,496,000 after buying an additional 2,391,075 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in United Parcel Service by 36.5% during 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. Clearbridge Investments LLC raised its stake in United Parcel Service by 4.3% during the 1st quarter. Clearbridge Investments LLC now owns 8,939,900 shares of the transportation company’s stock valued at $998,944,000 after buying an additional 369,077 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in United Parcel Service by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,112,998 shares of the transportation company’s stock valued at $734,559,000 after buying an additional 232,764 shares during the last quarter. Institutional investors and hedge funds own 55.27% of the company’s stock.

A number of equities research analysts have recently issued reports on UPS shares. Raymond James boosted their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. set a $135.00 price objective on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Friday, October 4th. Finally, Bank of America boosted their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $120.46.

Shares of UPS stock traded up $0.74 during mid-day trading on Friday, reaching $116.02. 3,085,163 shares of the company’s stock traded hands, compared to its average volume of 3,239,396. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $123.63. The firm has a 50 day moving average price of $118.19 and a two-hundred day moving average price of $109.48. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $96.81 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24.

United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. United Parcel Service’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

United Parcel Service Company 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.

Recommended Story: How to start trading in the forex market?

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply