Raymond James Trust N.A. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,630 shares of the transportation company’s stock after selling 6,523 shares during the quarter. Raymond James Trust N.A.’s holdings in United Parcel Service were worth $12,736,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of UPS. NovaPoint Capital LLC increased its holdings in United Parcel Service by 1.9% during the third quarter. NovaPoint Capital LLC now owns 3,247 shares of the transportation company’s stock worth $541,000 after buying an additional 59 shares during the last quarter. First Midwest Bank Trust Division boosted its holdings in shares of United Parcel Service by 2.8% in the third quarter. First Midwest Bank Trust Division now owns 2,290 shares of the transportation company’s stock worth $382,000 after acquiring an additional 63 shares during the period. Aries Wealth Management raised its stake in shares of United Parcel Service by 3.5% during the 3rd quarter. Aries Wealth Management now owns 1,931 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 65 shares during the period. Cardinal Capital Management grew its holdings in United Parcel Service by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 17,846 shares of the transportation company’s stock valued at $2,974,000 after buying an additional 65 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its position in shares of United Parcel Service by 19.6% during the third quarter. Lenox Wealth Advisors LLC now owns 415 shares of the transportation company’s stock valued at $69,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 55.67% of the company’s stock.
UPS traded down $0.80 during trading on Wednesday, hitting $163.11. 2,417,465 shares of the stock traded hands, compared to its average volume of 4,683,194. The firm has a market capitalization of $140.99 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $178.01. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $167.97 and a 200 day moving average of $156.71.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 28th. The transportation company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.86 by $0.42. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The firm had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $20.08 billion. During the same period in the prior year, the firm posted $2.07 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 6.98 EPS for the current fiscal year.
Several brokerages recently commented on UPS. Morgan Stanley boosted their price objective on shares of United Parcel Service from $70.00 to $74.00 and gave the company an “underweight” rating in a research note on Thursday, October 29th. BidaskClub lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, January 7th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating and set a $177.00 target price for the company. in a research report on Tuesday, September 29th. Argus raised their price target on United Parcel Service from $156.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Oppenheimer reissued a “buy” rating and set a $186.00 price objective on shares of United Parcel Service in a report on Sunday, November 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $162.83.
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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