IFM Investors Pty Ltd grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,337 shares of the transportation company’s stock after purchasing an additional 6,893 shares during the quarter. IFM Investors Pty Ltd’s holdings in United Parcel Service were worth $9,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UPS. Cordasco Financial Network raised its holdings in United Parcel Service by 82.4% during the third quarter. Cordasco Financial Network now owns 155 shares of the transportation company’s stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Ellevest Inc. grew its position in shares of United Parcel Service by 69.5% during the second quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock worth $33,000 after acquiring an additional 123 shares during the last quarter. M&R Capital Management Inc. grew its position in shares of United Parcel Service by 104.8% during the second quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Arlington Partners LLC purchased a new position in shares of United Parcel Service during the second quarter worth approximately $38,000. Finally, West Oak Capital LLC grew its position in shares of United Parcel Service by 49.3% during the third quarter. West Oak Capital LLC now owns 227 shares of the transportation company’s stock worth $38,000 after acquiring an additional 75 shares during the last quarter. 55.67% of the stock is currently owned by institutional investors.

In other news, Director David P. Abney sold 62,700 shares of United Parcel Service stock in a transaction on Friday, August 28th. The stock was sold at an average price of $160.56, for a total transaction of $10,067,112.00. Also, insider Kathleen M. Gutmann sold 7,766 shares of United Parcel Service stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $156.77, for a total value of $1,217,475.82. Insiders have sold a total of 80,291 shares of company stock valued at $12,848,237 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

A number of equities analysts have recently issued reports on UPS shares. Berenberg Bank set a $130.00 target price on shares of United Parcel Service and gave the stock a “sell” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of United Parcel Service from $119.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays upgraded shares of United Parcel Service from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $135.00 to $160.00 in a research report on Friday. Oppenheimer lifted their price objective on shares of United Parcel Service from $106.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Raymond James lifted their price objective on shares of United Parcel Service from $165.00 to $195.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $144.14.

Shares of NYSE:UPS traded up $0.40 during midday trading on Friday, hitting $174.44. 3,446,613 shares of the stock were exchanged, compared to its average volume of 4,627,982. The stock has a market cap of $150.61 billion, a P/E ratio of 34.68, a PEG ratio of 2.96 and a beta of 0.99. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 5.30. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $177.15. The company has a 50 day moving average price of $164.79 and a 200-day moving average price of $126.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $1.06. The business had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $17.42 billion. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 6.91 earnings per share 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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