Usca Ria LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 69,317 shares of the transportation company’s stock after purchasing an additional 1,296 shares during the period. United Parcel Service accounts for 0.8% of Usca Ria LLC’s investment portfolio, making the stock its 28th largest holding. Usca Ria LLC’s holdings in United Parcel Service were worth $8,093,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of UPS. IFM Investors Pty Ltd lifted its position in shares of United Parcel Service by 44.2% in the second quarter. IFM Investors Pty Ltd now owns 30,975 shares of the transportation company’s stock worth $3,290,000 after buying an additional 9,493 shares in the last quarter. Farmers Trust Co. purchased a new stake in shares of United Parcel Service in the second quarter worth about $203,000. Fisher Asset Management LLC raised its position in United Parcel Service by 1.2% during the second quarter. Fisher Asset Management LLC now owns 43,033 shares of the transportation company’s stock valued at $4,571,000 after purchasing an additional 511 shares during the period. Capital Investment Advisors LLC raised its position in United Parcel Service by 30.0% during the second quarter. Capital Investment Advisors LLC now owns 36,256 shares of the transportation company’s stock valued at $3,851,000 after purchasing an additional 8,364 shares during the period. Finally, Osborn Williams & Donohoe LLC purchased a new stake in United Parcel Service during the second quarter valued at approximately $1,258,000. Institutional investors own 53.65% of the company’s stock.
Shares of NYSE UPS opened at $109.32 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.43. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a market capitalization of $91.19 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14.
In other news, COO James J. Barber sold 2,500 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider George Willis sold 4,312 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
A number of brokerages have issued reports on UPS. Goldman Sachs Group set a $150.00 price objective on United Parcel Service and gave the company a “buy” rating in a research report on Monday, September 10th. Raymond James upgraded United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, September 4th. Stephens set a $128.00 price objective on United Parcel Service and gave the company a “hold” rating in a research report on Wednesday, July 25th. BMO Capital Markets upped their price objective on United Parcel Service to $128.00 and gave the company a “market perform” rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $125.00 price objective on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $125.66.
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United Parcel Service Company 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.
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