Farmers & Merchants Investments Inc. Cuts Holdings in United Parcel Service, Inc. (UPS)

Share on StockTwits

Farmers & Merchants Investments Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,750 shares of the transportation company’s stock after selling 1,077 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in United Parcel Service were worth $2,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UPS. Integrated Investment Consultants LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $260,000. First Bank & Trust raised its position in shares of United Parcel Service by 26.3% during the 3rd quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock worth $823,000 after purchasing an additional 1,395 shares during the period. City Holding Co. acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $2,672,000. Gradient Investments LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $8,489,000. Finally, Centaurus Financial Inc. raised its position in shares of United Parcel Service by 47.9% during the 2nd quarter. Centaurus Financial Inc. now owns 4,862 shares of the transportation company’s stock worth $516,000 after purchasing an additional 1,574 shares during the period. Hedge funds and other institutional investors own 53.90% of the company’s stock.

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price target on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research report on Thursday, July 26th. Goldman Sachs Group set a $147.00 price objective on United Parcel Service and gave the stock a “buy” rating in a report on Tuesday. Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a report on Thursday, July 26th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Friday, October 12th. Finally, Robert W. Baird decreased their price objective on United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $125.52.

Shares of UPS stock opened at $107.07 on Wednesday. United Parcel Service, Inc. has a 12-month low of $101.45 and a 12-month high of $135.53. The company has a market capitalization of $90.60 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.24 EPS for the current fiscal year.

In other news, insider George Willis sold 4,312 shares of the firm’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James J. Barber sold 2,500 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

United Parcel Service 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.

Featured Story: New Google Finance Tool and Screening Stocks

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply