GW Henssler & Associates Ltd. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,611 shares of the transportation company’s stock after selling 6,408 shares during the period. GW Henssler & Associates Ltd.’s holdings in United Parcel Service were worth $8,447,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. Gemmer Asset Management LLC increased its holdings in United Parcel Service by 30.3% in the 4th quarter. Gemmer Asset Management LLC now owns 499 shares of the transportation company’s stock worth $49,000 after acquiring an additional 116 shares during the last quarter. Capital Guardian Trust Co. purchased a new stake in United Parcel Service in the 3rd quarter worth about $109,000. Psagot Investment House Ltd. purchased a new stake in United Parcel Service in the 3rd quarter worth about $121,000. Bell Rock Capital LLC purchased a new stake in United Parcel Service in the 3rd quarter worth about $127,000. Finally, ELM Advisors LLC purchased a new stake in United Parcel Service in the 3rd quarter worth about $140,000. Institutional investors own 54.01% of the company’s stock.
UPS stock opened at $102.68 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43. The stock has a market cap of $87.30 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.42 and a beta of 1.22. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $133.56.
Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price objective on United Parcel Service from $92.00 to $93.00 and gave the stock a “sell” rating in a report on Tuesday, October 9th. KeyCorp assumed coverage on United Parcel Service in a report on Thursday, September 27th. They issued a “sector weight” rating for the company. They noted that the move was a valuation call. Berenberg Bank reissued a “neutral” rating and issued a $125.00 price objective on shares of United Parcel Service in a report on Wednesday, October 24th. 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, October 30th. Finally, Standpoint Research assumed coverage on United Parcel Service in a report on Wednesday, December 26th. They issued a “buy” rating and a $89.89 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $123.05.
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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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