Cardinal Capital Management Grows Holdings in United Parcel Service, Inc. (UPS)

Cardinal Capital Management boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,167 shares of the transportation company’s stock after purchasing an additional 145 shares during the period. Cardinal Capital Management’s holdings in United Parcel Service were worth $2,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in United Parcel Service by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,189,390 shares of the transportation company’s stock worth $6,093,112,000 after purchasing an additional 704,504 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of United Parcel Service by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock valued at $6,093,112,000 after acquiring an additional 704,504 shares in the last quarter. BlackRock Inc. grew its holdings in shares of United Parcel Service by 3.6% in the 4th quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock valued at $4,290,253,000 after acquiring an additional 1,534,331 shares in the last quarter. FMR LLC grew its holdings in shares of United Parcel Service by 9.9% in the 4th quarter. FMR LLC now owns 12,254,495 shares of the transportation company’s stock valued at $1,195,181,000 after acquiring an additional 1,102,283 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of United Parcel Service by 1.4% in the 4th quarter. Northern Trust Corp now owns 8,849,935 shares of the transportation company’s stock valued at $863,135,000 after acquiring an additional 118,159 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.

In related news, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard N. Peretz sold 9,112 shares of United Parcel Service stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

United Parcel Service stock opened at $113.64 on Tuesday. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $98.13 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.03. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. The business had revenue of $19.85 billion during the quarter, compared to analysts’ expectations of $19.92 billion. During the same quarter last year, the company posted $1.67 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.54 EPS for the current year.

UPS has been the subject of several analyst reports. Credit Suisse Group raised their price objective on United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Barclays restated a “hold” rating and issued a $112.00 price objective on shares of United Parcel Service in a report on Tuesday, January 29th. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $130.00 in a report on Monday, April 1st. Finally, Bank of America restated a “neutral” rating and issued a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and an average target price of $123.70.

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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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