United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Manning & Napier Group LLC

Manning & Napier Group LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,439 shares of the transportation company’s stock after purchasing an additional 13,105 shares during the period. Manning & Napier Group LLC’s holdings in United Parcel Service were worth $17,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ronna Sue Cohen grew its stake in United Parcel Service by 34.9% in the 3rd quarter. Ronna Sue Cohen now owns 27,783 shares of the transportation company’s stock valued at $3,244,000 after buying an additional 7,193 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in United Parcel Service by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 448,441 shares of the transportation company’s stock valued at $52,355,000 after buying an additional 4,002 shares during the last quarter. NN Investment Partners Holdings N.V. grew its stake in United Parcel Service by 3.3% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 119,531 shares of the transportation company’s stock valued at $13,954,000 after buying an additional 3,802 shares during the last quarter. Aviva PLC grew its stake in United Parcel Service by 40.9% in the 3rd quarter. Aviva PLC now owns 511,236 shares of the transportation company’s stock valued at $59,687,000 after buying an additional 148,470 shares during the last quarter. Finally, First Bank & Trust grew its stake in United Parcel Service by 26.3% in the 3rd quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock valued at $823,000 after buying an additional 1,395 shares during the last quarter. Institutional investors own 53.94% of the company’s stock.

Shares of United Parcel Service stock opened at $108.10 on Monday. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.09. The company has a quick ratio of 1.14, a current ratio of 1.12 and a debt-to-equity ratio of 6.56. The company has a market cap of $92.88 billion, a PE ratio of 14.91, a PEG ratio of 1.62 and a beta of 1.18.

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

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

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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.

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

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