Citizens Financial Group Inc. RI Boosts Stake in United Parcel Service, Inc. (UPS)

Citizens Financial Group Inc. RI grew its position in United Parcel Service, Inc. (NYSE:UPS) by 31.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,263 shares of the transportation company’s stock after purchasing an additional 788 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in United Parcel Service were worth $392,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after buying an additional 5 shares during the period. SNS Financial Group LLC boosted its stake in shares of United Parcel Service by 0.5% in the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after buying an additional 24 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of United Parcel Service by 0.4% in the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after buying an additional 44 shares during the period. Security National Trust Co. boosted its stake in shares of United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares during the period. Finally, Nwam LLC boosted its stake in shares of United Parcel Service by 2.6% in the second quarter. Nwam LLC now owns 1,937 shares of the transportation company’s stock valued at $214,000 after buying an additional 49 shares during the period. 53.50% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on UPS. Robert W. Baird reiterated a “hold” rating and issued a $130.00 price target on shares of United Parcel Service in a research note on Tuesday, January 9th. Knight Equity reiterated a “buy” rating and issued a $135.00 price target (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Deutsche Bank reiterated a “buy” rating and issued a $145.00 price target (up from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. UBS Group boosted their price target on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Cowen boosted their price target on United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $123.09.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $134.09 on Tuesday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $134.33. The firm has a market capitalization of $115,550.00, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts anticipate that United Parcel Service, Inc. will post 6 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://sportsperspectives.com/2018/01/16/citizens-financial-group-inc-ri-boosts-stake-in-united-parcel-service-inc-ups.html.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply