Founders Capital Management lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,175 shares of the transportation company’s stock after selling 300 shares during the period. Founders Capital Management’s holdings in United Parcel Service were worth $620,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in UPS. Capital Advisors Ltd. LLC boosted its stake in United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. First National Corp MA ADV bought a new position in United Parcel Service in the 1st quarter worth about $38,000. Kavar Capital Partners LLC bought a new position in United Parcel Service in the 2nd quarter worth about $38,000. NumerixS Investment Technologies Inc bought a new position in United Parcel Service in the 2nd quarter worth about $38,000. Finally, Earnest Partners LLC bought a new position in United Parcel Service in the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 55.27% of the company’s stock.
A number of brokerages recently issued reports on UPS. Loop Capital set a $140.00 price target on shares of United Parcel Service and gave the stock a “buy” rating in a research note on Monday, September 23rd. Raymond James upped their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Stifel Nicolaus cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a research note on Monday, July 29th. Finally, Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $120.46.
Shares of NYSE UPS traded up $1.09 during midday trading on Thursday, hitting $114.95. 982,005 shares of the company’s stock traded hands, compared to its average volume of 3,082,215. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $123.63. The stock has a market capitalization of $97.77 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. 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 fifty day moving average of $118.20 and a 200 day moving average of $109.44.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The firm had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.
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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