Paloma Partners Management Co Takes Position in United Parcel Service, Inc. (UPS)

Paloma Partners Management Co bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,736 shares of the transportation company’s stock, valued at approximately $1,778,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Impax Asset Management LLC boosted its holdings in shares of United Parcel Service by 11.0% during the second quarter. Impax Asset Management LLC now owns 8,140 shares of the transportation company’s stock worth $865,000 after purchasing an additional 805 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of United Parcel Service by 409.8% during the second quarter. Cubist Systematic Strategies LLC now owns 73,540 shares of the transportation company’s stock worth $7,812,000 after purchasing an additional 59,115 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of United Parcel Service by 30.0% during the second quarter. Flagship Harbor Advisors LLC now owns 5,093 shares of the transportation company’s stock worth $541,000 after purchasing an additional 1,175 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of United Parcel Service during the second quarter worth approximately $310,000. Finally, Davy Asset Management Ltd acquired a new stake in shares of United Parcel Service during the second quarter worth approximately $7,941,000. Institutional investors own 53.96% of the company’s stock.

In related news, insider George Willis sold 4,312 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $119.92, for a total transaction of $203,864.00. The disclosure for this sale can be found here. Insiders have sold 8,512 shares of company stock worth $1,031,932 in the last ninety days. 0.56% of the stock is currently owned by insiders.

UPS has been the subject of several research reports. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Friday, August 3rd. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Monday, July 16th. Goldman Sachs Group set a $139.00 price objective on shares of United Parcel Service and gave the company a “buy” rating in a research report on Wednesday, July 25th. ValuEngine raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Finally, Cowen reaffirmed a “hold” rating and set a $128.00 price objective on shares of United Parcel Service in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $125.49.

NYSE:UPS opened at $118.78 on Tuesday. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53. The company has a market capitalization of $100.45 billion, a PE ratio of 19.78, a PEG ratio of 1.74 and a beta of 1.16. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The company had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.25 earnings per share for the current fiscal year.

United Parcel Service 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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