SeaCrest Wealth Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,367 shares of the transportation company’s stock after acquiring an additional 487 shares during the period. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $763,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of UPS. Capital Advisors Ltd. LLC boosted its holdings in United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the last quarter. Kavar Capital Partners LLC bought a new position in United Parcel Service in the second quarter valued at about $38,000. NumerixS Investment Technologies Inc bought a new position in United Parcel Service in the second quarter valued at about $38,000. Earnest Partners LLC bought a new position in United Parcel Service in the second quarter valued at about $40,000. Finally, Orrstown Financial Services Inc. boosted its holdings in United Parcel Service by 41.7% in the second quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 55.29% of the company’s stock.
UPS traded up $0.60 during midday trading on Wednesday, reaching $117.08. 114,693 shares of the company were exchanged, compared to its average volume of 3,108,480. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $123.63. The stock has a market capitalization of $99.63 billion, a P/E ratio of 16.18, a PEG ratio of 1.76 and a beta of 1.24. The stock’s 50-day simple moving average is $118.56 and its 200 day simple moving average is $109.70.
UPS has been the topic of several recent research reports. JPMorgan Chase & Co. set a $135.00 price target on United Parcel Service and gave the company a “neutral” rating in a report on Friday, October 4th. Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a report on Monday, July 29th. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Credit Suisse Group set a $119.00 target price on United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Raymond James raised their target price on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $120.46.
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.
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