Arrow Financial Corp Has $1.47 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Arrow Financial Corp lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,272 shares of the transportation company’s stock after selling 1,685 shares during the quarter. Arrow Financial Corp’s holdings in United Parcel Service were worth $1,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First PREMIER Bank increased its stake in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. bought a new position in United Parcel Service during the 1st quarter worth about $126,000. Winslow Evans & Crocker Inc. grew its holdings in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after acquiring an additional 899 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after acquiring an additional 153 shares in the last quarter. Finally, Security National Trust Co. grew its holdings in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after acquiring an additional 48 shares in the last quarter. 53.49% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on UPS shares. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the company from $125.00 to $135.00 in a report on Monday, December 4th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Cowen reaffirmed 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 shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. United Parcel Service presently has an average rating of “Hold” and an average price target of $121.39.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up $0.10 during trading hours on Friday, reaching $119.15. 2,614,183 shares of the company’s stock were exchanged, compared to its average volume of 2,724,624. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $102,588.95, a price-to-earnings ratio of 29.20, a PEG ratio of 2.14 and a beta of 0.92. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 368.32% and a net margin of 7.91%. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

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United Parcel Service Company 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.

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

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