Oppenheimer & Co. Inc. Increases Position in United Parcel Service, Inc. $UPS

Oppenheimer & Co. Inc. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 46.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 115,623 shares of the transportation company’s stock after purchasing an additional 36,545 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in United Parcel Service were worth $11,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sigma Planning Corp increased its stake in shares of United Parcel Service by 43.3% in the 4th quarter. Sigma Planning Corp now owns 26,781 shares of the transportation company’s stock valued at $2,657,000 after purchasing an additional 8,091 shares in the last quarter. Cullinan Associates Inc. increased its stake in shares of United Parcel Service by 9.4% in the 4th quarter. Cullinan Associates Inc. now owns 78,301 shares of the transportation company’s stock valued at $7,767,000 after purchasing an additional 6,751 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of United Parcel Service by 0.9% in the 4th quarter. North Star Investment Management Corp. now owns 17,049 shares of the transportation company’s stock valued at $1,691,000 after purchasing an additional 152 shares in the last quarter. Activest Wealth Management increased its stake in shares of United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 241 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in shares of United Parcel Service by 5.7% in the 4th quarter. Laurel Wealth Advisors LLC now owns 27,140 shares of the transportation company’s stock valued at $2,692,000 after purchasing an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on UPS shares. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a research note on Tuesday, January 13th. Bank of America upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group lowered their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $112.08.

United Parcel Service Trading Down 1.1%

UPS stock opened at $107.60 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock has a market cap of $91.36 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.73 and a beta of 1.12. The business’s 50-day moving average is $103.46 and its 200 day moving average is $101.66.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the previous year, the firm posted $1.49 EPS. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.11 EPS for the current fiscal year.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.