United Parcel Service, Inc. (UPS) Holdings Lifted by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,850 shares of the transportation company’s stock after acquiring an additional 6,160 shares during the period. King Luther Capital Management Corp’s holdings in United Parcel Service were worth $6,347,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of United Parcel Service during the third quarter worth about $120,000. Winslow Evans & Crocker Inc. grew its holdings in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares during the last quarter. Security National Trust Co. grew its holdings in shares of United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after purchasing an additional 5 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in shares of United Parcel Service by 127.8% during the second quarter. Webster Bank N. A. now owns 1,581 shares of the transportation company’s stock worth $175,000 after purchasing an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 53.50% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at $134.09 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $115,550.00, a P/E ratio of 32.95, a P/E/G ratio of 2.12 and a beta of 0.92. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $134.33.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 earnings per share. analysts predict that United Parcel Service, Inc. will post 6 EPS for the current year.

Several analysts have recently weighed in on the company. Robert W. Baird restated a “hold” rating and set a $130.00 price target on shares of United Parcel Service in a report on Tuesday, January 9th. Knight Equity restated a “buy” rating and set a $135.00 price target (down from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Deutsche Bank restated a “buy” rating and set a $145.00 price target (up from $135.00) on shares of United Parcel Service in a report on Monday, January 8th. UBS Group boosted their price target on United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Cowen boosted their price target on United Parcel Service from $115.00 to $124.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $123.09.

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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.

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

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