Sequoia Financial Advisors LLC Acquires 301 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sequoia Financial Advisors LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.1% in the third quarter, HoldingsChannel reports. The firm owned 14,529 shares of the transportation company’s stock after purchasing an additional 301 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Parcel Service were worth $2,421,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Public Employees Retirement Association of Colorado lifted its position in United Parcel Service by 6.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 132,639 shares of the transportation company’s stock worth $12,391,000 after acquiring an additional 7,676 shares during the last quarter. AXA raised its stake in shares of United Parcel Service by 16.3% during the first quarter. AXA now owns 429,606 shares of the transportation company’s stock worth $40,134,000 after acquiring an additional 60,070 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of United Parcel Service by 1,899.6% during the first quarter. AQR Capital Management LLC now owns 121,158 shares of the transportation company’s stock worth $11,319,000 after acquiring an additional 115,099 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of United Parcel Service by 451.1% during the first quarter. APG Asset Management N.V. now owns 474,116 shares of the transportation company’s stock worth $44,292,000 after acquiring an additional 388,078 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in shares of United Parcel Service by 46.7% during the first quarter. Johnson Investment Counsel Inc. now owns 5,873 shares of the transportation company’s stock worth $549,000 after acquiring an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors own 55.67% of the company’s stock.

Shares of UPS stock traded down $4.20 during mid-day trading on Monday, reaching $167.70. 190,964 shares of the company’s stock traded hands, compared to its average volume of 4,574,875. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $178.01. The company has a market cap of $148.42 billion, a P/E ratio of 34.18, a P/E/G ratio of 3.12 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.30. The company’s 50-day moving average price is $166.32 and its 200-day moving average price is $128.87.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $1.06. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The firm had revenue of $20.46 billion for the quarter, compared to analysts’ expectations of $17.42 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 6.98 earnings per share for the current year.

Several research analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $147.00 to $192.00 in a report on Monday, September 21st. BMO Capital Markets raised their target price on shares of United Parcel Service from $95.00 to $115.00 and gave the stock an “underperform” rating in a report on Friday, July 31st. They noted that the move was a valuation call. Morgan Stanley raised their target price on shares of United Parcel Service from $66.00 to $70.00 and gave the stock an “underweight” rating in a report on Monday, October 5th. Raymond James raised their target price on shares of United Parcel Service from $165.00 to $195.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Citigroup raised their target price on shares of United Parcel Service from $150.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $145.71.

In other news, Director David P. Abney sold 62,700 shares of United Parcel Service stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $160.56, for a total value of $10,067,112.00. Also, insider Kathleen M. Gutmann sold 7,766 shares of United Parcel Service stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $156.77, for a total value of $1,217,475.82. In the last 90 days, insiders have sold 80,291 shares of company stock worth $12,848,237. Company insiders own 0.57% of the company’s stock.

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.

Further Reading: Recession

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

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