Vicus Capital lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,208 shares of the transportation company’s stock after buying an additional 553 shares during the quarter. Vicus Capital’s holdings in United Parcel Service were worth $621,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in UPS. State of Wisconsin Investment Board raised its stake in United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management raised its stake in United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after purchasing an additional 4,541 shares during the period. Wesbanco Bank Inc. raised its stake in United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares during the period. Crossmark Global Holdings Inc. purchased a new position in United Parcel Service during the third quarter worth approximately $8,978,000. Finally, Sawyer & Company Inc purchased a new position in United Parcel Service during the fourth quarter worth approximately $2,779,000. 53.56% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, October 6th. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $125.00 to $135.00 in a research note on Monday, December 4th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Oppenheimer reissued a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a research report on Monday, November 6th. Finally, Knight Equity reissued a “buy” rating and issued a $135.00 price objective (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $126.14.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 5.86% and a return on equity of 348.81%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. equities analysts anticipate that United Parcel Service, Inc. will post 5.99 earnings per share for the current year.
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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.
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