Trustcore Financial Services LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Trustcore Financial Services LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 35.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,492 shares of the transportation company’s stock after buying an additional 1,683 shares during the period. Trustcore Financial Services LLC’s holdings in United Parcel Service were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 valued at $799,000 after purchasing an additional 100 shares during the last quarter. Community Bank N.A. lifted its holdings in shares of United Parcel Service by 0.6% in the 1st quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock valued at $1,802,000 after purchasing an additional 100 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. Regentatlantic Capital LLC now owns 33,914 shares of the transportation company’s stock valued at $3,502,000 after purchasing an additional 100 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of United Parcel Service by 9.0% in the 1st quarter. Avestar Capital LLC now owns 1,257 shares of the transportation company’s stock valued at $123,000 after purchasing an additional 104 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of United Parcel Service by 22.8% in the 1st quarter. Howe & Rusling Inc. now owns 614 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 114 shares during the last quarter. 55.48% of the stock is owned by institutional investors.

UPS traded down $2.71 on Monday, hitting $114.49. 1,572,924 shares of the company traded hands, compared to its average volume of 3,982,929. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.13. The stock’s 50 day moving average is $105.94. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.09. The firm has a market cap of $99.36 billion, a PE ratio of 15.81, a PEG ratio of 1.79 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company had revenue of $18.05 billion for the quarter, compared to analysts’ expectations of $17.98 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

UPS has been the subject of several research reports. Credit Suisse Group set a $119.00 target price on United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, July 31st. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Goldman Sachs Group began coverage on United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective for the company. Loop Capital upped their price objective on United Parcel Service to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $118.82.

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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