Intercontinental Wealth Advisors LLC Buys 185 Shares of United Parcel Service, Inc. (NYSE:UPS)

Intercontinental Wealth Advisors LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 11.2% in the third quarter, HoldingsChannel reports. The firm owned 1,837 shares of the transportation company’s stock after acquiring an additional 185 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in United Parcel Service were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Centric Wealth Management grew its position in United Parcel Service by 27.3% in the 3rd quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock worth $48,632,000 after purchasing an additional 90,572 shares during the period. Cypress Capital Management LLC bought a new stake in United Parcel Service in the 2nd quarter worth approximately $7,798,000. Nomura Asset Management Co. Ltd. grew its position in United Parcel Service by 7.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock worth $21,459,000 after purchasing an additional 13,743 shares during the period. Lockheed Martin Investment Management Co. bought a new stake in United Parcel Service in the 1st quarter worth approximately $4,648,000. Finally, Bank of Nova Scotia grew its position in United Parcel Service by 9.8% in the 2nd quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock worth $14,653,000 after purchasing an additional 13,206 shares during the period. 55.27% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service stock traded up $1.12 on Wednesday, hitting $113.86. 2,555,130 shares of the company’s stock were exchanged, compared to its average volume of 3,245,304. The company has a 50-day simple moving average of $118.26 and a 200-day simple moving average of $109.43. The stock has a market capitalization 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 1 year low of $89.89 and a 1 year high of $123.63. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09.



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

A number of equities research analysts have commented on UPS shares. UBS Group lifted their target price on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Raymond James lifted their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 price target on the stock. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Finally, Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Monday, August 26th. One equities 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 company presently has a consensus rating of “Hold” and an average target price of $120.46.

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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