United Parcel Service, Inc. (UPS) Position Raised by Boys Arnold & Co. Inc.

Boys Arnold & Co. Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 17.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,826 shares of the transportation company’s stock after buying an additional 875 shares during the period. Boys Arnold & Co. Inc.’s holdings in United Parcel Service were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Capital International Investors acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at $525,375,000. Vanguard Group Inc increased its stake in shares of United Parcel Service by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock valued at $6,093,112,000 after buying an additional 704,504 shares during the period. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,189,390 shares of the transportation company’s stock worth $6,093,112,000 after purchasing an additional 704,504 shares during the last quarter. FMR LLC boosted its position in shares of United Parcel Service by 5.2% in the 3rd quarter. FMR LLC now owns 11,152,212 shares of the transportation company’s stock worth $1,302,020,000 after purchasing an additional 547,718 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of United Parcel Service by 907.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 555,172 shares of the transportation company’s stock worth $64,816,000 after purchasing an additional 500,080 shares during the last quarter. 54.66% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Bank of America restated a “neutral” rating and issued a $112.00 price target (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Credit Suisse Group raised their price target on United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Berenberg Bank restated a “neutral” rating and issued a $125.00 price target on shares of United Parcel Service in a research report on Wednesday, October 24th. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Goldman Sachs Group set a $147.00 price target on United Parcel Service and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $122.29.

UPS opened at $108.93 on Tuesday. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The stock has a market capitalization of $92.88 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 1.62 and a beta of 1.18. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.14 and a current ratio of 1.12.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.03. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. The firm had revenue of $19.85 billion for the quarter, compared to the consensus estimate of $19.92 billion. During the same quarter last year, the business posted $1.67 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.6 EPS for the current fiscal year.

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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.

Further Reading: Can systematic risk be avoided?

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

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