Foster Victor Wealth Advisors LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Foster Victor Wealth Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 49.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,786 shares of the transportation company’s stock after buying an additional 2,585 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in United Parcel Service were worth $900,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of UPS. Welch & Forbes LLC boosted its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Welch & Forbes LLC now owns 75,226 shares of the transportation company’s stock worth $9,014,000 after purchasing an additional 430 shares during the period. VeraBank N.A. boosted its position in shares of United Parcel Service by 2.5% during the 3rd quarter. VeraBank N.A. now owns 4,844 shares of the transportation company’s stock worth $581,000 after purchasing an additional 117 shares during the period. Perkins Coie Trust Co boosted its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Perkins Coie Trust Co now owns 19,174 shares of the transportation company’s stock worth $2,298,000 after purchasing an additional 112 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of United Parcel Service by 24.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 26,415 shares of the transportation company’s stock worth $3,165,000 after purchasing an additional 5,180 shares during the period. Finally, Community Trust & Investment Co. lifted its holdings in United Parcel Service by 1.8% during the 3rd quarter. Community Trust & Investment Co. now owns 6,793 shares of the transportation company’s stock worth $814,000 after buying an additional 122 shares in the last quarter. 55.27% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE UPS traded up $0.79 during mid-day trading on Friday, reaching $116.07. The company had a trading volume of 2,351,726 shares, compared to its average volume of 3,102,461. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The firm has a 50 day simple moving average of $118.19 and a two-hundred day simple moving average of $109.48. The stock has a market cap of $96.81 billion, a P/E ratio of 16.03, a PEG ratio of 1.71 and a beta of 1.24. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $123.63.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The firm had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current year.

UPS has been the topic of a number of analyst reports. Loop Capital set a $140.00 price objective on shares of United Parcel Service and gave the company a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. set a $135.00 price objective on shares of United Parcel Service and gave the company a “neutral” rating in a report on Friday, October 4th. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Credit Suisse Group set a $119.00 price objective on shares of United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective on the stock. in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average 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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