Canal Capital Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,767 shares of the transportation company’s stock after purchasing an additional 986 shares during the period. United Parcel Service makes up about 1.2% of Canal Capital Management LLC’s portfolio, making the stock its 27th biggest position. Canal Capital Management LLC’s holdings in United Parcel Service were worth $2,431,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Cardinal Capital Management Inc. bought a new stake in United Parcel Service during the 4th quarter worth $35,000. NumerixS Investment Technologies Inc bought a new stake in United Parcel Service during the 2nd quarter worth $38,000. Capital Advisors Ltd. LLC grew its position in United Parcel Service by 40.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 417 shares of the transportation company’s stock worth $50,000 after acquiring an additional 120 shares during the last quarter. Gemmer Asset Management LLC grew its position in United Parcel Service by 25.4% during the 4th quarter. Gemmer Asset Management LLC now owns 474 shares of the transportation company’s stock worth $56,000 after acquiring an additional 96 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its position in United Parcel Service by 123.3% during the 4th quarter. Hanson & Doremus Investment Management now owns 480 shares of the transportation company’s stock worth $56,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 55.81% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Loop Capital set a $140.00 price objective on United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 23rd. GMP Securities upgraded United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. set a $135.00 price objective on United Parcel Service and gave the stock a “neutral” rating in a research report on Friday, October 4th. BMO Capital Markets lowered United Parcel Service from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $125.00 to $123.00 in a research report on Tuesday, December 10th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $122.00 price target on shares of United Parcel Service in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $123.75.
Shares of NYSE UPS traded down $1.21 during trading on Tuesday, reaching $117.39. The company had a trading volume of 2,960,661 shares, compared to its average volume of 2,696,038. The company’s fifty day moving average price is $117.63 and its 200-day moving average price is $116.70. United Parcel Service, Inc. has a 12 month low of $92.65 and a 12 month high of $125.31. The stock has a market cap of $101.74 billion, a P/E ratio of 20.42, a PEG ratio of 1.70 and a beta of 1.21. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.52 earnings per share for the current year.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.
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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