Crossmark Global Holdings Inc. Grows Stock Position in United Parcel Service, Inc. (NYSE:UPS)

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Crossmark Global Holdings Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,458 shares of the transportation company’s stock after buying an additional 8,627 shares during the period. Crossmark Global Holdings Inc.’s holdings in United Parcel Service were worth $15,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 0.6% in the second quarter. Vanguard Group Inc. now owns 55,758,854 shares of the transportation company’s stock worth $5,758,216,000 after buying an additional 352,497 shares during the period. FMR LLC increased its holdings in shares of United Parcel Service by 19.5% in the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock worth $1,636,496,000 after buying an additional 2,391,075 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of United Parcel Service by 36.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock worth $1,217,400,000 after buying an additional 3,155,121 shares during the period. Clearbridge Investments LLC increased its holdings in shares of United Parcel Service by 4.3% in the first quarter. Clearbridge Investments LLC now owns 8,939,900 shares of the transportation company’s stock worth $998,944,000 after buying an additional 369,077 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of United Parcel Service by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 7,112,998 shares of the transportation company’s stock worth $734,559,000 after buying an additional 232,764 shares during the period. Hedge funds and other institutional investors own 55.27% of the company’s stock.

United Parcel Service stock traded up $1.15 during trading hours on Wednesday, hitting $113.89. 245,841 shares of the stock traded hands, compared to its average volume of 3,248,862. The firm’s 50-day moving average price is $118.26 and its two-hundred day moving average price is $109.43. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The company has a market cap of $100.89 billion, a PE ratio of 15.73, a PEG ratio of 1.79 and a beta of 1.24. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $123.63.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The business had revenue of $18.05 billion for the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

UPS has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Bank of America boosted their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, September 9th. JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the company a “neutral” rating in a report on Friday, October 4th. Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Goldman Sachs Group initiated coverage on United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $120.46.

About United Parcel Service

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

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