Atlantic Union Bankshares Corp Has $5.82 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

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Atlantic Union Bankshares Corp lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,944 shares of the transportation company’s stock after selling 804 shares during the period. Atlantic Union Bankshares Corp’s holdings in United Parcel Service were worth $5,823,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cordasco Financial Network lifted its position in shares of United Parcel Service by 82.4% in the third quarter. Cordasco Financial Network now owns 155 shares of the transportation company’s stock worth $26,000 after buying an additional 70 shares during the last quarter. Ellevest Inc. lifted its position in shares of United Parcel Service by 69.5% in the second quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock worth $33,000 after buying an additional 123 shares during the last quarter. M&R Capital Management Inc. lifted its position in shares of United Parcel Service by 104.8% in the second quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after buying an additional 175 shares during the last quarter. Arlington Partners LLC acquired a new stake in shares of United Parcel Service in the second quarter worth about $38,000. Finally, West Oak Capital LLC lifted its position in shares of United Parcel Service by 49.3% in the third quarter. West Oak Capital LLC now owns 227 shares of the transportation company’s stock worth $38,000 after buying an additional 75 shares during the last quarter. 55.67% of the stock is owned by institutional investors.

In other news, Director David P. Abney sold 62,700 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $160.56, for a total value of $10,067,112.00. Also, insider Kathleen M. Gutmann sold 7,766 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $156.77, for a total value of $1,217,475.82. Over the last quarter, insiders sold 80,291 shares of company stock worth $12,848,237. Corporate insiders own 0.57% of the company’s stock.

UPS has been the subject of a number of analyst reports. Berenberg Bank set a $130.00 price target on United Parcel Service and gave the stock a “sell” rating in a research report on Thursday, September 3rd. Standpoint Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $177.00 price objective on the stock. in a research note on Tuesday, September 29th. Oppenheimer lifted their price objective on United Parcel Service from $106.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, ValuEngine upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $144.14.

UPS traded up $0.40 on Friday, hitting $174.44. 3,446,613 shares of the stock traded hands, compared to its average volume of 4,627,982. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $177.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.30. The firm has a market capitalization of $150.61 billion, a PE ratio of 34.68, a P/E/G ratio of 2.96 and a beta of 0.99. The business has a fifty day moving average price of $164.79 and a two-hundred day moving average price of $126.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $1.06. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The firm had revenue of $20.46 billion for the quarter, compared to analyst estimates of $17.42 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 6.91 EPS for the current fiscal year.

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.

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

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