5,240 Shares in United Parcel Service, Inc. (UPS) Purchased by Cambria Investment Management L.P.

Cambria Investment Management L.P. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,240 shares of the transportation company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after acquiring an additional 1,262,293 shares in the last quarter. FMR LLC increased its position in shares of United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after acquiring an additional 71,666 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of United Parcel Service by 48.1% during the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after acquiring an additional 2,087,477 shares in the last quarter. Franklin Resources Inc. increased its position in shares of United Parcel Service by 10.6% during the second quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock valued at $623,198,000 after acquiring an additional 539,620 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of United Parcel Service by 3.0% during the third quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock valued at $482,280,000 after acquiring an additional 118,403 shares in the last quarter. 53.50% of the stock is owned by institutional investors.

Several brokerages recently weighed in on UPS. Credit Suisse Group reissued a “hold” rating and set a $137.00 price target on shares of United Parcel Service in a research report on Wednesday. Knight Equity reissued a “buy” rating and set a $135.00 price target (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Robert W. Baird reissued a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research report on Sunday, October 1st. Deutsche Bank reissued a “buy” rating and set a $145.00 price target (up previously from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Stifel Nicolaus raised their price target on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $124.09.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $133.59 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53. The company has a market cap of $115,120.00, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. equities analysts expect that United Parcel Service, Inc. will post 5.99 earnings per share for the current year.

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United Parcel Service Profile

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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