Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 183,361 shares of the transportation company’s stock after purchasing an additional 17,064 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Parcel Service were worth $21,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of United Parcel Service by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 55,758,854 shares of the transportation company’s stock worth $5,758,216,000 after acquiring an additional 352,497 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of United Parcel Service by 36.5% in the 2nd 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 acquiring an additional 3,155,121 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of United Parcel Service by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,112,998 shares of the transportation company’s stock worth $734,559,000 after acquiring an additional 232,764 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of United Parcel Service by 47.3% in the 2nd quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock worth $664,353,000 after acquiring an additional 2,064,682 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 4.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,288,435 shares of the transportation company’s stock worth $546,137,000 after acquiring an additional 224,356 shares during the last quarter. 55.29% of the stock is owned by institutional investors.

NYSE:UPS traded down $1.04 during midday trading on Friday, reaching $117.35. 2,689,491 shares of the stock traded hands, compared to its average volume of 2,952,997. The company has a fifty day moving average of $118.73 and a 200 day moving average of $109.80. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month 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. The stock has a market capitalization of $101.66 billion, a P/E ratio of 16.21, a PEG ratio of 1.80 and a beta of 1.24.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $17.98 billion. During the same period in the prior year, the business posted $1.94 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

UPS has been the subject of a number of recent research reports. JPMorgan Chase & Co. set a $135.00 price objective on shares of United Parcel Service and gave the stock a “neutral” rating in a report on Friday, October 4th. Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Monday, August 26th. UBS Group boosted their price objective on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Loop Capital set a $140.00 price objective on shares of United Parcel Service and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus target price of $120.46.

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

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