Sarasin & Partners LLP Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sarasin & Partners LLP boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 57.1% during the second quarter, Holdings Channel reports. The firm owned 874,548 shares of the transportation company’s stock after acquiring an additional 317,919 shares during the quarter. United Parcel Service makes up about 1.6% of Sarasin & Partners LLP’s investment portfolio, making the stock its 24th biggest position. Sarasin & Partners LLP’s holdings in United Parcel Service were worth $90,315,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UPS. CX Institutional purchased a new position in United Parcel Service during the 1st quarter valued at about $29,000. RPG Investment Advisory LLC increased its holdings in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares during the period. Somerset Trust Co increased its holdings in United Parcel Service by 161.0% during the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 169 shares during the period. Financial Gravity Wealth Inc. purchased a new position in United Parcel Service during the 1st quarter valued at about $32,000. Finally, First National Corp MA ADV purchased a new position in United Parcel Service during the 1st quarter valued at about $38,000. Institutional investors own 55.48% of the company’s stock.

Shares of United Parcel Service stock traded up $1.71 during midday trading on Tuesday, hitting $120.46. The company had a trading volume of 172,674 shares, compared to its average volume of 3,404,961. The company has a quick ratio of 1.13, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. The firm has a market cap of $102.21 billion, a PE ratio of 16.64, a P/E/G ratio of 1.84 and a beta of 1.23. The firm has a 50 day moving average price of $104.47. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

A number of research analysts have weighed in on UPS shares. Raymond James upped their target price on Spotify Technology from $172.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Cowen upped their target price on Werner Enterprises from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Credit Suisse Group reiterated a “buy” rating and set a $425.00 target price on shares of Boeing in a report on Thursday, July 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $34.00 target price on shares of Rhythm Pharmaceuticals in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $118.82.

In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% 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.

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

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