Sumitomo Life Insurance Co. Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sumitomo Life Insurance Co. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,845 shares of the transportation company’s stock after buying an additional 841 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in United Parcel Service were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. RPG Investment Advisory LLC grew its holdings in United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after acquiring an additional 194 shares during the period. Somerset Trust Co grew its holdings in United Parcel Service by 161.0% during the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after acquiring an additional 169 shares during the period. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the first quarter worth $32,000. First National Corp MA ADV acquired a new position in United Parcel Service during the first quarter worth $38,000. Finally, Whitener Capital Management Inc. grew its holdings in United Parcel Service by 75.0% during the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after acquiring an additional 150 shares during the period. Institutional investors own 55.48% of the company’s stock.

United Parcel Service stock traded down $0.90 during trading hours on Wednesday, hitting $114.10. The stock had a trading volume of 1,273,765 shares, compared to its average volume of 4,087,794. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. The company has a market cap of $100.88 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.09. The firm has a fifty day simple moving average of $107.10.

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

A number of research analysts recently weighed in on the company. Goldman Sachs Group assumed coverage on United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective on the stock. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Credit Suisse Group set a $119.00 price objective on United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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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