United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,297 shares of the transportation company’s stock after selling 371 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Parcel Service were worth $17,173,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. First National Corp MA ADV purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $38,000. RPG Investment Advisory LLC increased its stake in shares of United Parcel Service by 277.1% in 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 in the last quarter. Somerset Trust Co increased its stake in shares of United Parcel Service by 161.0% in 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 in the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $32,000. Finally, Whitener Capital Management Inc. increased its stake in shares of United Parcel Service by 75.0% in the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 150 shares in the last quarter. 55.48% of the stock is owned by institutional investors and hedge funds.

Shares of UPS stock traded down $1.80 during trading hours on Friday, reaching $115.75. The company had a trading volume of 2,032,864 shares, compared to its average volume of 4,443,660. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day simple moving average of $107.94. The firm has a market cap of $99.34 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.03. The business had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

UPS has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research note on Thursday, July 25th. Berenberg Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Stifel Nicolaus lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a research note on Monday, July 29th. Loop Capital boosted their price objective on United Parcel Service to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Cowen reiterated a “market perform” rating and set a $116.00 price objective (down from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.82.

United Parcel Service Profile

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: 52-Week High/Low

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

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