Palisade Asset Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,433 shares of the transportation company’s stock after purchasing an additional 1,100 shares during the period. Palisade Asset Management LLC’s holdings in United Parcel Service were worth $1,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its stake in United Parcel Service by 26.2% during the 1st quarter. Franklin Resources Inc. now owns 7,464,644 shares of the transportation company’s stock worth $781,240,000 after acquiring an additional 1,547,617 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in United Parcel Service by 18.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock worth $438,331,000 after acquiring an additional 652,699 shares in the last quarter. Federated Investors Inc. PA lifted its stake in United Parcel Service by 4.3% during the 1st quarter. Federated Investors Inc. PA now owns 2,683,172 shares of the transportation company’s stock worth $280,821,000 after acquiring an additional 110,004 shares in the last quarter. New York State Common Retirement Fund lifted its stake in United Parcel Service by 16.5% during the 1st quarter. New York State Common Retirement Fund now owns 2,157,544 shares of the transportation company’s stock worth $225,809,000 after acquiring an additional 304,844 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in United Parcel Service by 7.2% during the 1st quarter. OppenheimerFunds Inc. now owns 2,046,523 shares of the transportation company’s stock worth $214,188,000 after acquiring an additional 136,998 shares in the last quarter. 53.55% of the stock is currently owned by institutional investors and hedge funds.

UPS stock opened at $118.71 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.22 and a debt-to-equity ratio of 8.12. The stock has a market capitalization of $102.25 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.77 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $101.45 and a 1 year high of $135.53.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. The company had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. United Parcel Service’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. equities analysts forecast that United Parcel Service, Inc. will post 7.26 EPS for the current fiscal year.

UPS has been the topic of several research reports. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Morgan Stanley increased their target price on United Parcel Service from $90.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, July 26th. BMO Capital Markets decreased their target price on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Credit Suisse Group increased their target price on United Parcel Service from $114.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Finally, Goldman Sachs Group set a $139.00 target price on United Parcel Service and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average target price of $122.88.

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

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