Mercer Global Advisors Inc. ADV purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, Holdings Channel reports. The firm purchased 31,487 shares of the transportation company’s stock, valued at approximately $3,071,000.
A number of other institutional investors have also recently bought and sold shares of the business. Orrstown Financial Services Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Reilly Financial Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Larson Financial Group LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. CX Institutional acquired a new position in shares of United Parcel Service in the 1st quarter valued at about $29,000. Finally, Somerset Trust Co lifted its holdings in shares of United Parcel Service by 161.0% in the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 55.55% of the company’s stock.
In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
NYSE UPS opened at $113.94 on Wednesday. The stock has a market capitalization of $97.69 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 6.56.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.03. The company had revenue of $19.85 billion during the quarter, compared to analysts’ expectations of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.54 EPS for the current year.
Several equities analysts have recently issued reports on the company. Berenberg Bank reissued a “hold” rating and issued a $125.00 price objective on shares of United Parcel Service in a report on Monday, March 25th. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a report on Wednesday, March 6th. Standpoint Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $112.00 price target (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.70.
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United Parcel Service Company 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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