United Parcel Service, Inc. (UPS) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 28.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,500 shares of the transportation company’s stock after buying an additional 6,750 shares during the quarter. United Parcel Service accounts for approximately 1.2% of Bristlecone Advisors LLC’s holdings, making the stock its 17th biggest position. Bristlecone Advisors LLC’s holdings in United Parcel Service were worth $3,663,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First PREMIER Bank grew its holdings in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in shares of United Parcel Service during the first quarter valued at $126,000. Winslow Evans & Crocker Inc. grew its holdings in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Finally, Security National Trust Co. grew its holdings in shares of United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

UPS has been the subject of a number of research reports. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. Goldman Sachs Group initiated coverage on United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective for the company. Robert W. Baird reissued a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a research report on Friday, August 25th. Cowen reissued a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co lifted their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $121.45.

Shares of United Parcel Service, Inc. (UPS) traded up $1.44 during trading hours on Friday, hitting $119.73. The company’s stock had a trading volume of 3,279,900 shares, compared to its average volume of 2,722,065. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $125.16. The firm has a market capitalization of $101,934.04, a PE ratio of 19.78, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts forecast that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.77%. United Parcel Service’s dividend payout ratio is currently 81.37%.

COPYRIGHT VIOLATION WARNING: “United Parcel Service, Inc. (UPS) Shares Bought by Bristlecone Advisors LLC” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/12/08/united-parcel-service-inc-ups-shares-bought-by-bristlecone-advisors-llc.html.

United Parcel Service Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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

Leave a Reply