CG Asset Management LLC boosted its position in United Parcel Service Inc. (NYSE:UPS) by 9.8% during the second quarter, Holdings Channel reports. The institutional investor owned 10,220 shares of the company’s stock after buying an additional 915 shares during the period. CG Asset Management LLC’s holdings in United Parcel Service were worth $1,101,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of UPS. Americafirst Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $102,000. Security National Trust Co. raised its stake in shares of United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares in the last quarter. Kanaly Trust Co raised its stake in shares of United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares in the last quarter. RMB Capital Management LLC purchased a new stake in shares of United Parcel Service during the first quarter worth $202,000. Finally, Trust Co purchased a new stake in shares of United Parcel Service during the first quarter worth $202,000. Institutional investors and hedge funds own 53.28% of the company’s stock.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.60% on Tuesday, hitting $108.52. The stock had a trading volume of 1,742,048 shares. The firm has a market capitalization of $95.29 billion, a price-to-earnings ratio of 19.51 and a beta of 0.91. United Parcel Service Inc. has a 1-year low of $87.30 and a 1-year high of $111.83. The firm has a 50 day moving average of $108.98 and a 200-day moving average of $106.61.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.43. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the business posted $1.35 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
UPS has been the topic of a number of research reports. Argus boosted their price objective on United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Wednesday, June 29th. Barclays PLC boosted their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, September 12th. Citigroup Inc. restated a “hold” rating on shares of United Parcel Service in a research report on Thursday, June 30th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $116.00 price objective (up previously from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $109.23.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the sale, the insider now owns 31,418 shares in the company, valued at $3,449,382.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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