Financial Consulate Inc. Grows Position in United Parcel Service, Inc. (UPS)

Financial Consulate Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 448.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,258 shares of the transportation company’s stock after acquiring an additional 10,024 shares during the period. Financial Consulate Inc.’s holdings in United Parcel Service were worth $1,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. purchased a new position in United Parcel Service during the second quarter valued at $111,000. First PREMIER Bank purchased a new position in United Parcel Service during the second quarter valued at $109,000. Moneta Group Investment Advisors LLC raised its stake in United Parcel Service by 118.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after buying an additional 600 shares during the last quarter. Signature Wealth Management Group purchased a new position in United Parcel Service during the second quarter valued at $118,000. Finally, Advisors Preferred LLC raised its stake in United Parcel Service by 845.8% during the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,015 shares during the last quarter. Institutional investors own 53.90% of the company’s stock.

Several research firms have recently weighed in on UPS. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Monday, July 16th. Goldman Sachs Group set a $139.00 price target on United Parcel Service and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Tuesday, July 24th. Citigroup decreased their price target on United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Finally, Cowen restated a “hold” rating and issued a $128.00 price target on shares of United Parcel Service in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.52.

United Parcel Service stock opened at $107.07 on Wednesday. The firm has a market cap of $90.60 billion, a P/E ratio of 17.82, a PEG ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.21. United Parcel Service, Inc. has a one year low of $101.45 and a one year high of $135.53.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting analysts’ consensus estimates of $1.82. The company had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. United Parcel Service’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.24 earnings per share for the current year.

In related news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

About United Parcel Service

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.

See Also: Preferred Stock

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

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