Founders Capital Management Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Founders Capital Management decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,175 shares of the transportation company’s stock after selling 300 shares during the period. Founders Capital Management’s holdings in United Parcel Service were worth $620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its position in shares of United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the period. First National Corp MA ADV bought a new stake in United Parcel Service during the first quarter valued at approximately $38,000. Kavar Capital Partners LLC bought a new stake in United Parcel Service during the second quarter valued at approximately $38,000. NumerixS Investment Technologies Inc bought a new stake in United Parcel Service during the second quarter valued at approximately $38,000. Finally, Earnest Partners LLC bought a new stake in United Parcel Service during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 55.27% of the company’s stock.

Several brokerages have issued reports on UPS. JPMorgan Chase & Co. set a $135.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Friday, October 4th. Raymond James lifted their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Daiwa Capital Markets upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Monday, August 26th. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group began coverage on shares of United Parcel Service in a research report on Wednesday, July 10th. They set a “buy” rating and a $123.00 target price for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average price target of $120.46.

Shares of UPS stock traded up $1.09 during trading hours on Thursday, hitting $114.95. 982,005 shares of the company’s stock were exchanged, compared to its average volume of 3,082,215. The company has a market capitalization of $97.77 billion, a PE ratio of 15.88, a PEG ratio of 1.76 and a beta of 1.24. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $123.63. The business’s 50 day simple moving average is $118.20 and its 200-day simple moving average is $109.44. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.93 by $0.03. The firm had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current year.

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

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