OmniStar Financial Group Inc. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 61.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,057 shares of the transportation company’s stock after purchasing an additional 10,680 shares during the quarter. United Parcel Service accounts for approximately 2.9% of OmniStar Financial Group Inc.’s holdings, making the stock its 5th biggest holding. OmniStar Financial Group Inc.’s holdings in United Parcel Service were worth $3,362,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its holdings in United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after acquiring an additional 117 shares during the last quarter. First National Corp MA ADV bought a new stake in United Parcel Service during the 1st quarter worth about $38,000. Kavar Capital Partners LLC bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $38,000. NumerixS Investment Technologies Inc bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $38,000. Finally, Earnest Partners LLC bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $40,000. 55.27% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the stock. Stifel Nicolaus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a research note on Monday, July 29th. UBS Group raised their target price on shares of United Parcel Service to $128.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Daiwa Capital Markets raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Monday, August 26th. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Finally, Loop Capital set a $140.00 target price on shares of United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. United Parcel Service presently has an average rating of “Hold” and an average target price of $120.46.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.03. The business 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%. United Parcel Service’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.
About United Parcel Service
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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