RNC Capital Management LLC Grows Position in United Parcel Service, Inc. (NYSE:UPS)

RNC Capital Management LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 273,347 shares of the transportation company’s stock after buying an additional 3,193 shares during the quarter. United Parcel Service accounts for about 2.0% of RNC Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. RNC Capital Management LLC’s holdings in United Parcel Service were worth $28,229,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in UPS. CX Institutional acquired a new position in United Parcel Service in the 1st quarter valued at $29,000. RPG Investment Advisory LLC raised its stake in United Parcel Service by 277.1% in the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares during the last quarter. Somerset Trust Co raised its stake in United Parcel Service by 161.0% in the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 169 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service in the 1st quarter valued at $32,000. Finally, First National Corp MA ADV acquired a new position in United Parcel Service in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 55.48% of the company’s stock.

Several research firms recently commented on UPS. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a research note on Monday, July 29th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Thursday, July 25th. Argus reissued a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Finally, Raymond James increased their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $118.82.

Shares of UPS traded down $2.59 during midday trading on Monday, reaching $114.61. The company had a trading volume of 1,390,204 shares, compared to its average volume of 3,982,929. 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 capitalization of $99.36 billion, a PE ratio of 15.83, a PEG ratio of 1.79 and a beta of 1.22. The business has a 50 day simple moving average of $105.94. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.13 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.03. The business had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current 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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