United Parcel Service, Inc. (UPS) Position Raised by Norinchukin Bank The

Norinchukin Bank The increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,606 shares of the transportation company’s stock after purchasing an additional 3,374 shares during the period. Norinchukin Bank The’s holdings in United Parcel Service were worth $13,764,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First PREMIER Bank grew its position in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in United Parcel Service in the third quarter worth approximately $120,000. Parkside Financial Bank & Trust grew its position in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares during the last quarter. Winslow Evans & Crocker Inc. grew its position in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares in the last quarter. Finally, Security National Trust Co. grew its position in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares in the last quarter. 53.49% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on UPS shares. Oppenheimer reiterated a “buy” rating and set a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Cowen reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Robert W. Baird reiterated a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a research report on Sunday, October 1st. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Bank of America reiterated a “neutral” rating and set a $124.00 price objective (up from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $121.39.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $127.23 on Friday. The stock has a market cap of $109,640.00, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $128.95. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. equities research analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

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United Parcel Service Company Profile

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.

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

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