Latest Stocks: United Parcel Service, Inc. (UPS) Stake Raised by Sequoia Financial Advisors LLC

Latest Stocks: United Parcel Service, Inc. (UPS) Stake Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 21.7% during the first quarter, Holdings Channel reports. The institutional investor owned 7,285 shares of the transportation company’s stock after buying an additional 1,301 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Parcel Service were worth $782,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Appleton Partners Inc. MA boosted its position in shares of United Parcel Service by 1.9% in the first quarter. Appleton Partners Inc. MA now owns 2,968 shares of the transportation company’s stock worth $318,000 after buying an additional 55 shares in the last quarter. Usca Ria LLC boosted its position in shares of United Parcel Service by 53.4% in the first quarter. Usca Ria LLC now owns 46,241 shares of the transportation company’s stock worth $4,962,000 after buying an additional 16,096 shares in the last quarter. Honeywell International Inc. boosted its position in shares of United Parcel Service by 108.6% in the first quarter. Honeywell International Inc. now owns 402,600 shares of the transportation company’s stock worth $43,199,000 after buying an additional 209,600 shares in the last quarter. Private Capital Management Inc. boosted its position in shares of United Parcel Service by 12.5% in the first quarter. Private Capital Management Inc. now owns 3,600 shares of the transportation company’s stock worth $386,000 after buying an additional 400 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of United Parcel Service by 11.3% in the first quarter. Kornitzer Capital Management Inc. KS now owns 57,207 shares of the transportation company’s stock worth $6,138,000 after buying an additional 5,821 shares in the last quarter. Institutional investors own 53.19% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 107.95 on Tuesday. The stock has a market capitalization of $93.68 billion, a price-to-earnings ratio of 27.57 and a beta of 0.91. United Parcel Service, Inc. has a 12 month low of $101.95 and a 12 month high of $120.44. The stock’s 50 day moving average price is $105.87 and its 200 day moving average price is $109.72.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03. United Parcel Service had a return on equity of 962.64% and a net margin of 7.56%. The firm had revenue of $15.32 billion during the quarter, compared to analysts’ expectations of $15.19 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post $5.95 EPS for the current year.

A number of equities analysts recently issued reports on the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, May 19th. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Wells Fargo & Co started coverage on United Parcel Service in a research report on Monday, March 13th. They issued a “market perform” rating and a $115.00 price target for the company. Credit Suisse Group AG reissued a “neutral” rating and issued a $111.00 price target (up from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th. Finally, Aegis reissued a “buy” rating on shares of United Parcel Service in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $114.00. About United Parcel Service

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS). 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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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