IFM Investors Pty Ltd lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,355 shares of the transportation company’s stock after acquiring an additional 479 shares during the period. IFM Investors Pty Ltd’s holdings in United Parcel Service were worth $2,324,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in United Parcel Service during the third quarter valued at $120,000. Winslow Evans & Crocker Inc. boosted its stake in United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the period. Security National Trust Co. boosted its stake in United Parcel Service by 3.9% during 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. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in United Parcel Service by 0.3% during 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. Finally, Webster Bank N. A. boosted its stake in United Parcel Service by 127.8% during the second quarter. Webster Bank N. A. now owns 1,581 shares of the transportation company’s stock valued at $175,000 after buying an additional 887 shares during the period. 53.50% of the stock is owned by hedge funds and other institutional investors.
UPS has been the subject of several research analyst reports. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Goldman Sachs Group initiated coverage on United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price target on the stock. Cowen restated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. raised their price target on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.09.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. equities research analysts forecast that United Parcel Service, Inc. will post 5.99 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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