Essex Savings Bank Purchases 326 Shares of United Parcel Service, Inc. (NYSE:UPS)

Essex Savings Bank raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,992 shares of the transportation company’s stock after acquiring an additional 326 shares during the period. Essex Savings Bank’s holdings in United Parcel Service were worth $333,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new stake in United Parcel Service during the first quarter valued at about $28,000. Ellevest Inc. boosted its holdings in United Parcel Service by 69.5% during the second quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Pinnacle Holdings LLC bought a new stake in United Parcel Service during the first quarter valued at about $34,000. Red Door Wealth Management LLC bought a new stake in United Parcel Service during the first quarter valued at about $38,000. Finally, M&R Capital Management Inc. boosted its holdings in United Parcel Service by 104.8% during the second quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Institutional investors own 54.67% of the company’s stock.

Several equities research analysts recently weighed in on UPS shares. CSFB reduced their target price on shares of United Parcel Service from $105.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Citigroup increased their target price on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Oppenheimer reiterated a “buy” rating on shares of United Parcel Service in a research note on Thursday. Morgan Stanley increased their target price on shares of United Parcel Service from $60.00 to $66.00 and gave the company an “underweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $113.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $123.62.

UPS traded up $1.30 during midday trading on Friday, reaching $142.76. 7,430,530 shares of the company’s stock were exchanged, compared to its average volume of 4,291,797. The firm has a market capitalization of $123.08 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.49 and a beta of 0.84. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 5.86. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.50. The business has a 50-day simple moving average of $113.28 and a two-hundred day simple moving average of $103.54.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $1.06. The company had revenue of $20.46 billion during the quarter, compared to analyst estimates of $17.42 billion. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $1.96 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 5.52 EPS for the current fiscal year.

In other news, CEO Carol B. Tome acquired 10,100 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $99.33 per share, with a total value of $1,003,233.00. Following the completion of the acquisition, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

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

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