United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Trimmed by Optimum Investment Advisors

Optimum Investment Advisors lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,962 shares of the transportation company’s stock after selling 829 shares during the period. United Parcel Service makes up 0.7% of Optimum Investment Advisors’ holdings, making the stock its 28th largest position. Optimum Investment Advisors’ holdings in United Parcel Service were worth $2,152,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Bank & Trust increased its position in shares of United Parcel Service by 2.2% during the 3rd quarter. First Bank & Trust now owns 15,962 shares of the transportation company’s stock valued at $1,913,000 after purchasing an additional 348 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of United Parcel Service by 7.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 117,341 shares of the transportation company’s stock valued at $14,060,000 after purchasing an additional 7,933 shares during the period. Meeder Asset Management Inc. increased its position in shares of United Parcel Service by 177.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,726 shares of the transportation company’s stock valued at $207,000 after purchasing an additional 1,103 shares during the period. WESPAC Advisors SoCal LLC increased its position in shares of United Parcel Service by 10.0% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 44,745 shares of the transportation company’s stock valued at $5,361,000 after purchasing an additional 4,075 shares during the period. Finally, Stewart & Patten Co. LLC increased its position in shares of United Parcel Service by 3.3% during the 3rd quarter. Stewart & Patten Co. LLC now owns 129,534 shares of the transportation company’s stock valued at $15,520,000 after purchasing an additional 4,078 shares during the period. 55.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UPS stock traded down $0.69 on Friday, reaching $117.70. 121,806 shares of the company’s stock traded hands, compared to its average volume of 3,122,190. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $123.63. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $100.02 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24. The business’s 50 day moving average price is $118.70 and its two-hundred day moving average price is $109.77.

United Parcel Service (NYSE:UPS) last issued 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. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. United Parcel Service’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.

UPS has been the topic of several research analyst reports. Goldman Sachs Group started coverage on United Parcel Service in a research report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price target on the stock. Raymond James lifted their target price on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Credit Suisse Group set a $119.00 target price on United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Finally, Loop Capital set a $140.00 target price on United Parcel Service and gave the stock a “buy” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $120.46.

United Parcel Service 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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