Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,040 shares of the transportation company’s stock after acquiring an additional 6,373 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Parcel Service were worth $17,898,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wisconsin Investment Board grew its position in United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after acquiring an additional 239,350 shares during the last quarter. Brookstone Capital Management grew its position in United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of United Parcel Service by 9.4% in the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of United Parcel Service in the third quarter worth approximately $8,978,000. Finally, Dividend Assets Capital LLC bought a new position in shares of United Parcel Service in the second quarter worth approximately $575,000. Institutional investors and hedge funds own 53.49% of the company’s stock.
Several brokerages have recently issued reports on UPS. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a report on Tuesday, December 26th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $125.00 to $135.00 in a report on Monday, December 4th. Goldman Sachs Group began coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Oppenheimer restated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. Finally, UBS Group raised their target price on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $121.39.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.
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United Parcel Service 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.
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