Perkins Coie Trust Co Purchases 112 Shares of United Parcel Service, Inc. (NYSE:UPS)

Perkins Coie Trust Co raised its position in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 hedge funds have also recently added to or reduced their stakes in the company. Bernardo Wealth Planning LLC boosted its position in United Parcel Service by 0.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 15,340 shares of the transportation company’s stock worth $1,584,000 after buying an additional 88 shares during the period. LS Investment Advisors LLC boosted its position in United Parcel Service by 0.6% during the 2nd quarter. LS Investment Advisors LLC now owns 16,429 shares of the transportation company’s stock worth $1,697,000 after buying an additional 92 shares during the period. Meridian Financial Partners LLC boosted its position in United Parcel Service by 1.6% during the 3rd quarter. Meridian Financial Partners LLC now owns 5,948 shares of the transportation company’s stock worth $685,000 after buying an additional 95 shares during the period. Regentatlantic Capital LLC boosted its position in United Parcel Service by 0.3% during the 2nd quarter. Regentatlantic Capital LLC now owns 33,914 shares of the transportation company’s stock worth $3,502,000 after buying an additional 100 shares during the period. Finally, Rikoon Group LLC boosted its position in United Parcel Service by 4.7% during the 2nd quarter. Rikoon Group LLC now owns 2,243 shares of the transportation company’s stock worth $232,000 after buying an additional 100 shares during the period. 55.27% of the stock is currently owned by hedge funds and other institutional investors.

UPS has been the topic of several recent research reports. UBS Group lifted their target price on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Raymond James lifted their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. set a $135.00 target price on shares of United Parcel Service and gave the stock a “neutral” rating in a research report on Friday, October 4th. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus downgraded 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 report on Monday, July 29th. 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 assigned a strong buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $120.46.

United Parcel Service stock traded up $1.78 during mid-day trading on Friday, hitting $117.06. 138,047 shares of the stock were exchanged, compared to its average volume of 3,102,461. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $123.63. The firm’s fifty day simple moving average is $118.19 and its two-hundred day simple moving average is $109.48. The stock has a market capitalization of $96.81 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.71 and a beta of 1.24.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the 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 last year, the business earned $1.94 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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