Crossmark Global Holdings Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,458 shares of the transportation company’s stock after acquiring an additional 8,627 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in United Parcel Service were worth $15,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UPS. Capital Advisors Ltd. LLC increased its position in shares of United Parcel Service by 65.0% during 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 last quarter. First National Corp MA ADV purchased a new stake in shares of United Parcel Service during the first quarter valued at approximately $38,000. Kavar Capital Partners LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $38,000. NumerixS Investment Technologies Inc purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $38,000. Finally, Earnest Partners LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $40,000. 55.27% of the stock is owned by institutional investors.

NYSE:UPS traded up $1.15 during trading hours on Wednesday, reaching $113.89. The stock had a trading volume of 245,841 shares, compared to its average volume of 3,248,862. 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 stock has a 50 day simple moving average of $118.26 and a 200 day simple moving average of $109.43. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $123.63. The stock has a market cap of $100.89 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $17.98 billion. During the same period last year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

A number of analysts recently commented on the company. Raymond James increased their price target on 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. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a research report on Monday, July 29th. Credit Suisse Group set a $119.00 target price on United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Daiwa Capital Markets raised 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and a consensus 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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