Coastline Trust Co lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,570 shares of the transportation company’s stock after selling 1,885 shares during the quarter. Coastline Trust Co’s holdings in United Parcel Service were worth $1,626,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in UPS. Centric Wealth Management raised its position in United Parcel Service by 27.3% during the third quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock valued at $48,632,000 after buying an additional 90,572 shares during the period. Cypress Capital Management LLC acquired a new position in United Parcel Service during the second quarter valued at $7,798,000. Nomura Asset Management Co. Ltd. raised its position in United Parcel Service by 7.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock valued at $21,459,000 after buying an additional 13,743 shares during the period. Bank of Nova Scotia raised its position in United Parcel Service by 9.8% during the second quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock valued at $14,653,000 after buying an additional 13,206 shares during the period. Finally, Fisher Asset Management LLC raised its position in United Parcel Service by 15.8% during the second quarter. Fisher Asset Management LLC now owns 49,269 shares of the transportation company’s stock valued at $5,088,000 after buying an additional 6,715 shares during the period. Institutional investors own 55.29% of the company’s stock.
Shares of UPS stock opened at $117.35 on Monday. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $123.63. The stock’s 50-day moving average is $118.73 and its two-hundred day moving average is $109.80. The firm has a market cap of $101.66 billion, a P/E ratio of 16.21, a PEG ratio of 1.80 and a beta of 1.24.
United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current year.
Several research analysts recently weighed in on UPS shares. Raymond James upped their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Goldman Sachs Group started coverage on United Parcel Service in a research report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price target on the stock. UBS Group upped their price target on United Parcel Service to $128.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Monday, August 26th. Finally, Stifel Nicolaus lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $120.46.
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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