Signature Wealth Management Group increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,759 shares of the transportation company’s stock after acquiring an additional 340 shares during the quarter. United Parcel Service makes up about 2.1% of Signature Wealth Management Group’s investment portfolio, making the stock its 22nd largest position. Signature Wealth Management Group’s holdings in United Parcel Service were worth $2,990,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in UPS. Standard Life Aberdeen plc lifted its stake in United Parcel Service by 7.0% in the third quarter. Standard Life Aberdeen plc now owns 298,706 shares of the transportation company’s stock worth $34,876,000 after acquiring an additional 19,488 shares during the period. Man Group plc lifted its position in shares of United Parcel Service by 2,629.1% during the third quarter. Man Group plc now owns 61,787 shares of the transportation company’s stock valued at $7,213,000 after buying an additional 59,523 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of United Parcel Service during the third quarter valued at about $6,202,000. Teachers Advisors LLC lifted its position in shares of United Parcel Service by 8.9% during the third quarter. Teachers Advisors LLC now owns 1,386,172 shares of the transportation company’s stock valued at $161,836,000 after buying an additional 112,773 shares during the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the third quarter valued at about $271,000. 55.55% of the stock is owned by institutional investors.
Shares of NYSE UPS opened at $114.15 on Monday. The company has a market cap of $98.20 billion, a PE ratio of 15.77, a PEG ratio of 1.69 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $125.09. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.15 and a current ratio of 1.15.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.03. The business had revenue of $19.85 billion for the quarter, compared to analysts’ expectations of $19.92 billion. United Parcel Service had a net margin of 6.67% and a return on equity of 254.74%. During the same quarter last year, the company earned $1.67 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.52 EPS for the current fiscal year.
Several analysts have commented on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Standpoint Research started coverage on shares of United Parcel Service in a research report on Wednesday, December 26th. They set a “buy” rating and a $89.89 price target for the company. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $130.00 in a research report on Monday, April 1st. Bank of America restated a “neutral” rating and set a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Finally, Credit Suisse Group upped their price objective on shares of United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $123.70.
In other news, CFO Richard N. Peretz sold 9,112 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total transaction of $1,013,072.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
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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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