Monument Capital Management increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,690 shares of the transportation company’s stock after purchasing an additional 301 shares during the period. Monument Capital Management’s holdings in United Parcel Service were worth $2,422,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in United Parcel Service by 0.6% during the second quarter. Vanguard Group Inc. now owns 55,758,854 shares of the transportation company’s stock worth $5,758,216,000 after purchasing an additional 352,497 shares during the period. Price T Rowe Associates Inc. MD grew its stake in United Parcel Service by 36.5% during 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 purchasing an additional 3,155,121 shares during the period. Invesco Ltd. grew its stake in United Parcel Service by 47.3% during the second quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock worth $664,353,000 after purchasing an additional 2,064,682 shares during the period. Boston Partners grew its stake in United Parcel Service by 72.5% during the third quarter. Boston Partners now owns 5,377,747 shares of the transportation company’s stock worth $644,348,000 after purchasing an additional 2,260,831 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $368,346,000. 55.76% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the company. BMO Capital Markets cut United Parcel Service from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $125.00 to $123.00 in a research note on Tuesday, December 10th. Credit Suisse Group reduced their price objective on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Loop Capital set a $140.00 price objective on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. set a $135.00 price objective on United Parcel Service and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, GMP Securities raised United Parcel Service to a “reduce” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average target price of $123.50.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. The business had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. United Parcel Service’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.52 earnings per share for the current year.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.
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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