Sowell Financial Services LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 30,309 shares of the transportation company’s stock after buying an additional 933 shares during the quarter. United Parcel Service comprises about 1.0% of Sowell Financial Services LLC’s investment portfolio, making the stock its 26th biggest holding. Sowell Financial Services LLC’s holdings in United Parcel Service were worth $4,049,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $120,000. Security National Trust Co. grew its holdings in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares during the period. Epstein & White Financial LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $228,000. Brightworth purchased a new stake in United Parcel Service in the third quarter valued at approximately $203,000. Finally, First Midwest Bank Trust Division purchased a new stake in United Parcel Service in the third quarter valued at approximately $203,000. Institutional investors own 53.51% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Robert W. Baird restated a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a report on Tuesday, January 9th. Credit Suisse Group restated a “hold” rating and issued a $116.00 target price (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a report on Friday. Oppenheimer restated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. Finally, BMO Capital Markets boosted their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and an average target price of $126.14.
United Parcel Service, Inc. (NYSE UPS) opened at $113.30 on Tuesday. The firm has a market cap of $97,630.00, a price-to-earnings ratio of 20.20, a PEG ratio of 1.73 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. analysts anticipate that United Parcel Service, Inc. will post 7.27 EPS for the current fiscal year.
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United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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