River & Mercantile Asset Management LLP Takes $64,000 Position in United Parcel Service, Inc. (NYSE:UPS)

River & Mercantile Asset Management LLP purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, Holdings Channel reports. The fund purchased 622 shares of the transportation company’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. First Trust Advisors LP increased its holdings in United Parcel Service by 20.7% in the first quarter. First Trust Advisors LP now owns 702,891 shares of the transportation company’s stock valued at $78,541,000 after purchasing an additional 120,549 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in United Parcel Service by 5.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 6,765 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 325 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in United Parcel Service by 22.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 125,007 shares of the transportation company’s stock valued at $15,662,000 after purchasing an additional 22,842 shares during the last quarter. Letko Brosseau & Associates Inc. increased its holdings in United Parcel Service by 0.8% in the first quarter. Letko Brosseau & Associates Inc. now owns 674,336 shares of the transportation company’s stock valued at $75,350,000 after purchasing an additional 5,363 shares during the last quarter. Finally, Cibc Bank USA increased its holdings in United Parcel Service by 12.9% in the first quarter. Cibc Bank USA now owns 6,076 shares of the transportation company’s stock valued at $678,000 after purchasing an additional 695 shares during the last quarter. 55.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Parcel Service stock opened at $116.02 on Friday. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $123.63. The business has a 50-day moving average of $118.23 and a two-hundred day moving average of $109.53. The company has a market capitalization of $97.77 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09.

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

A number of equities research analysts recently commented on UPS shares. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. UBS Group upped their price objective on United Parcel Service to $128.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Bank of America increased their price target on United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Loop Capital set a $140.00 price target on United Parcel Service and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the stock a “neutral” rating in a report on Friday, October 4th. One equities 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $120.46.

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

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