Deprince Race & Zollo Inc. Boosts Holdings in United Parcel Service, Inc. (UPS)
Deprince Race & Zollo Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458,774 shares of the transportation company’s stock after acquiring an additional 1,552 shares during the quarter. United Parcel Service makes up approximately 1.0% of Deprince Race & Zollo Inc.’s holdings, making the stock its 15th largest position. Deprince Race & Zollo Inc. owned 0.05% of United Parcel Service worth $50,736,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of UPS. V Wealth Management LLC bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $102,000. Parkside Financial Bank & Trust boosted its position in United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 160 shares in the last quarter. First PREMIER Bank boosted its position 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. bought a new stake in United Parcel Service during the 1st quarter valued at approximately $126,000. Finally, Winslow Evans & Crocker Inc. boosted its position 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. 52.86% of the stock is currently owned by institutional investors and hedge funds.
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Several analysts have weighed in on UPS shares. J P Morgan Chase & Co lifted their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a research report on Thursday. They noted that the move was a valuation call. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $117.25.
In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.
United Parcel Service, Inc. (UPS) opened at 118.36 on Friday. The company has a 50-day moving average of $117.12 and a 200-day moving average of $110.79. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80. The stock has a market capitalization of $102.50 billion, a price-to-earnings ratio of 29.10 and a beta of 0.90.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. United Parcel Service’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
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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