2,472 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Balentine LLC

Balentine LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, Holdings Channel reports. The fund bought 2,472 shares of the transportation company’s stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at about $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC grew its position in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. BMO Capital Markets reduced their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Trading Up 0.6 %

Shares of NYSE:UPS opened at $133.85 on Wednesday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company’s 50 day moving average is $131.70 and its two-hundred day moving average is $135.40. The company has a market cap of $114.65 billion, a PE ratio of 20.22, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.