Perkins Coie Trust Co boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,174 shares of the transportation company’s stock after buying an additional 112 shares during the quarter. Perkins Coie Trust Co’s holdings in United Parcel Service were worth $2,298,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. First National Corp MA ADV purchased a new stake in United Parcel Service during the 1st quarter valued at $38,000. Capital Advisors Ltd. LLC increased its stake in United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares during the period. Kavar Capital Partners LLC purchased a new stake in United Parcel Service in the second quarter worth $38,000. NumerixS Investment Technologies Inc purchased a new stake in United Parcel Service in the second quarter worth $38,000. Finally, Earnest Partners LLC purchased a new stake in United Parcel Service in the second quarter worth $40,000. Institutional investors own 55.27% of the company’s stock.
Shares of NYSE:UPS traded up $1.78 during trading on Friday, reaching $117.06. The stock had a trading volume of 138,047 shares, compared to its average volume of 3,102,461. 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 business has a fifty day moving average price of $118.19 and a 200-day moving average price of $109.48. The stock has a market cap of $96.81 billion, a PE ratio of 16.21, a PEG ratio of 1.71 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 results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. The firm had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
A number of analysts have weighed in on the company. Loop Capital set a $140.00 target price on United Parcel Service and gave the stock a “buy” rating in a research note on Monday, September 23rd. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Goldman Sachs Group assumed coverage on United Parcel Service in a research note on Wednesday, July 10th. They issued a “buy” rating and a $123.00 target price on the stock. UBS Group increased their target price on United Parcel Service to $128.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Credit Suisse Group set a $119.00 target price on United Parcel Service and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. One investment 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 company’s stock. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $120.46.
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.
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