Ronna Sue Cohen Raises Stake in United Parcel Service, Inc. (UPS)

Ronna Sue Cohen boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10,745.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,945,780 shares of the transportation company’s stock after purchasing an additional 2,918,618 shares during the quarter. United Parcel Service comprises 2.0% of Ronna Sue Cohen’s portfolio, making the stock its 19th largest position. Ronna Sue Cohen owned approximately 0.34% of United Parcel Service worth $2,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accredited Investors Inc. grew its stake in shares of United Parcel Service by 0.5% in the 1st quarter. Accredited Investors Inc. now owns 44,426 shares of the transportation company’s stock worth $4,964,000 after buying an additional 234 shares in the last quarter. Edmp Inc. lifted its holdings in shares of United Parcel Service by 5.6% in the 1st quarter. Edmp Inc. now owns 14,543 shares of the transportation company’s stock worth $1,625,000 after acquiring an additional 765 shares during the last quarter. Cohen Klingenstein LLC lifted its holdings in shares of United Parcel Service by 598.6% in the 1st quarter. Cohen Klingenstein LLC now owns 74,467 shares of the transportation company’s stock worth $8,321,000 after acquiring an additional 63,807 shares during the last quarter. BTIM Corp. lifted its holdings in shares of United Parcel Service by 4.8% in the 1st quarter. BTIM Corp. now owns 504,847 shares of the transportation company’s stock worth $56,411,000 after acquiring an additional 23,033 shares during the last quarter. Finally, Allred Capital Management LLC lifted its holdings in shares of United Parcel Service by 1.4% in the 1st quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock worth $799,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Shares of United Parcel Service stock traded down $0.12 on Friday, reaching $100.63. The stock had a trading volume of 3,071,154 shares, compared to its average volume of 3,329,838. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The company has a market cap of $86.67 billion, a P/E ratio of 13.90, a PEG ratio of 1.55 and a beta of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). The firm had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard N. Peretz sold 9,112 shares of United Parcel Service stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total transaction of $1,013,072.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,612 shares of company stock worth $1,720,717. 0.17% of the stock is owned by insiders.

Several research firms have recently issued reports on UPS. Berenberg Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $125.00 to $130.00 in a report on Monday, April 1st. Credit Suisse Group restated a “neutral” rating and issued a $114.00 target price on shares of United Parcel Service in a report on Wednesday, March 6th. Standpoint Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Finally, Bank of America reiterated a “neutral” rating and set a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $122.41.

TRADEMARK VIOLATION NOTICE: This story was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/11/united-parcel-service-inc-ups-stake-raised-by-ronna-sue-cohen.html.

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: What is Put Option Volume?

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.