BB&T Securities LLC Purchases 60,038 Shares of United Parcel Service, Inc. (UPS)

BB&T Securities LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 11.7% in the third quarter, Holdings Channel reports. The fund owned 571,209 shares of the transportation company’s stock after purchasing an additional 60,038 shares during the quarter. United Parcel Service accounts for approximately 0.9% of BB&T Securities LLC’s investment portfolio, making the stock its 8th largest holding. BB&T Securities LLC’s holdings in United Parcel Service were worth $68,596,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after acquiring an additional 1,262,293 shares during the last quarter. FMR LLC lifted its holdings in shares of United Parcel Service by 0.5% in the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after acquiring an additional 71,666 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of United Parcel Service by 48.1% in the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after acquiring an additional 2,087,477 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of United Parcel Service by 10.6% in the second quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock valued at $623,198,000 after buying an additional 539,620 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of United Parcel Service by 3.0% in the third quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock valued at $482,280,000 after buying an additional 118,403 shares during the period. 53.49% of the stock is owned by hedge funds and other institutional investors.

UPS has been the subject of several recent research reports. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Goldman Sachs Group initiated coverage on United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a research note on Tuesday, December 26th. Finally, Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $135.00 in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $123.09.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $133.46 on Friday. The firm has a market cap of $115,010.00, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. 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, Inc. has a 52-week low of $102.12 and a 52-week high of $133.77.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. equities research analysts forecast that United Parcel Service, Inc. will post 6 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2018/01/12/bbt-securities-llc-purchases-60038-shares-of-united-parcel-service-inc-ups.html.

About United Parcel Service

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? - 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 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