Ingalls & Snyder LLC Has $574,000 Position in United Parcel Service, Inc. (UPS)

Ingalls & Snyder LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,780 shares of the transportation company’s stock after selling 450 shares during the quarter. Ingalls & Snyder LLC’s holdings in United Parcel Service were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. First PREMIER Bank grew its stake in United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in United Parcel Service during the 1st quarter valued at about $126,000. Parkside Financial Bank & Trust grew its stake in United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares in the last quarter. Finally, Security National Trust Co. grew its stake in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares in the last quarter. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) traded down $2.08 during midday trading on Thursday, hitting $118.29. The company had a trading volume of 3,346,900 shares, compared to its average volume of 2,719,689. The company has a market cap of $103,726.44, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $125.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.81%. United Parcel Service’s payout ratio is 81.37%.

Several equities analysts have weighed in on the company. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and set a $123.00 target price on shares of United Parcel Service in a research note on Monday, November 6th. BMO Capital Markets lifted their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co lifted their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $121.45.

TRADEMARK VIOLATION WARNING: “Ingalls & Snyder LLC Has $574,000 Position in United Parcel Service, Inc. (UPS)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.com-unik.info/2017/12/07/ingalls-snyder-llc-has-574000-position-in-united-parcel-service-inc-ups.html.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

What are top analysts saying about United Parcel Service Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Parcel Service Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit