Gould Asset Management LLC CA Invests $216,000 in United Parcel Service, Inc. (UPS) Stock

Gould Asset Management LLC CA acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,800 shares of the transportation company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Wisconsin Investment Board increased its position in shares of United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after acquiring an additional 239,350 shares during the period. Brookstone Capital Management increased its position in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after acquiring an additional 4,541 shares during the period. Wesbanco Bank Inc. increased its position in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after acquiring an additional 5,325 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of United Parcel Service during the third quarter worth approximately $8,978,000. Finally, Dividend Assets Capital LLC purchased a new position in shares of United Parcel Service during the second quarter worth approximately $575,000. 53.49% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on UPS. Robert W. Baird reaffirmed a “hold” rating and set a $130.00 target price on shares of United Parcel Service in a research report on Tuesday. Deutsche Bank reaffirmed a “buy” rating and set a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research report on Monday. Knight Equity reaffirmed a “buy” rating and set a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research report on Monday. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Finally, Goldman Sachs Group began coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $123.09.

United Parcel Service, Inc. (NYSE UPS) opened at $129.11 on Wednesday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $130.00. The stock has a market cap of $111,260.00, a P/E ratio of 31.72, a PEG ratio of 2.12 and a beta of 0.92.

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

TRADEMARK VIOLATION WARNING: This article was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2018/01/10/gould-asset-management-llc-ca-invests-216000-in-united-parcel-service-inc-ups-stock.html.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply