Camden National Bank purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,131 shares of the transportation company’s stock, valued at approximately $5,379,000.
Several other large investors also recently bought and sold shares of the stock. Banco Santander S.A. acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $2,293,000. Chevy Chase Trust Holdings Inc. increased its stake in United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock valued at $64,420,000 after buying an additional 19,369 shares in the last quarter. Atlas Brown Inc. increased its stake in United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $880,000. Finally, BTIM Corp. increased its stake in United Parcel Service by 1.5% in the first quarter. BTIM Corp. now owns 470,649 shares of the transportation company’s stock valued at $50,501,000 after buying an additional 7,066 shares in the last quarter. Institutional investors own 53.24% of the company’s stock.
United Parcel Service, Inc. (UPS) traded up 1.73% during mid-day trading on Friday, hitting $109.66. 4,274,849 shares of the stock traded hands. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44. The company has a 50-day moving average of $110.53 and a 200 day moving average of $108.24. The firm has a market capitalization of $95.62 billion, a P/E ratio of 26.96 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post $5.98 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This piece was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/07/29/camden-national-bank-invests-5-38-million-in-united-parcel-service-inc-ups-updated-updated-updated.html.
Several equities research analysts recently commented on UPS shares. Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. BidaskClub upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $114.57.
In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is owned by corporate insiders.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.