United Parcel Service, Inc. (UPS) Holdings Lifted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 31.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,263 shares of the transportation company’s stock after acquiring an additional 788 shares during the period. Citizens Financial Group Inc. RI’s holdings in United Parcel Service were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of UPS. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of United Parcel Service in the third quarter valued at about $120,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares in the last quarter. Security National Trust Co. lifted its holdings in shares of United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 5 shares in the last quarter. Finally, Webster Bank N. A. lifted its holdings in shares of United Parcel Service by 127.8% in the second quarter. Webster Bank N. A. now owns 1,581 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 53.50% of the company’s stock.

A number of analysts have recently commented on UPS shares. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a report on Monday, December 4th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday, October 6th. Goldman Sachs Group began coverage on United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. lifted their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $123.09.

United Parcel Service, Inc. (NYSE:UPS) opened at $134.09 on Tuesday. The firm has a market capitalization of $115,550.00, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $134.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. equities analysts forecast that United Parcel Service, Inc. will post 6 EPS for the current year.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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