United Parcel Service, Inc. (UPS) Stake Boosted by Bank of The Ozarks

Bank of The Ozarks raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 17.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,823 shares of the transportation company’s stock after buying an additional 886 shares during the period. Bank of The Ozarks’ holdings in United Parcel Service were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after buying an additional 4 shares during the period. Weatherly Asset Management L. P. boosted its stake in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after buying an additional 15 shares during the period. Bollard Group LLC boosted its stake in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock worth $238,000 after buying an additional 17 shares during the period. Atlas Brown Inc. boosted its stake in United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock worth $246,000 after buying an additional 20 shares during the period. Finally, Cadence Bank NA boosted its stake in United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock worth $272,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 53.24% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at 107.79 on Friday. The company has a market capitalization of $93.54 billion, a price-to-earnings ratio of 27.53 and a beta of 0.88. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The company’s 50-day moving average price is $110.45 and its 200-day moving average price is $108.28.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 $1.47 by $0.11. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the previous year, the business earned $1.43 EPS. United Parcel Service’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.

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A number of analysts recently commented on the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Seaport Global Securities assumed coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Finally, Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $114.57.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.

About United Parcel Service

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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