Lynch & Associates IN Buys 1,260 Shares of United Parcel Service, Inc. (UPS)

Lynch & Associates IN increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 54,275 shares of the transportation company’s stock after acquiring an additional 1,260 shares during the period. United Parcel Service makes up approximately 2.4% of Lynch & Associates IN’s holdings, making the stock its 11th largest holding. Lynch & Associates IN’s holdings in United Parcel Service were worth $6,467,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in UPS. SNS Financial Group LLC increased its holdings in United Parcel Service by 0.5% during the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock worth $488,000 after purchasing an additional 24 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in United Parcel Service by 0.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock worth $1,202,000 after purchasing an additional 44 shares during the last quarter. Security National Trust Co. increased its holdings in United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares during the last quarter. BTR Capital Management Inc. increased its holdings in United Parcel Service by 0.4% during the 2nd quarter. BTR Capital Management Inc. now owns 13,458 shares of the transportation company’s stock worth $1,488,000 after purchasing an additional 50 shares during the last quarter. Finally, Weybosset Research & Management LLC increased its holdings in United Parcel Service by 1.6% during the 2nd quarter. Weybosset Research & Management LLC now owns 3,250 shares of the transportation company’s stock worth $359,000 after purchasing an additional 50 shares during the last quarter. 53.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $133.08 on Monday. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $135.53. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $114,680.00, a P/E ratio of 32.70, a PEG ratio of 2.07 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the business earned $1.44 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that United Parcel Service, Inc. will post 5.99 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Robert W. Baird restated a “hold” rating and set a $130.00 price objective on shares of United Parcel Service in a report on Tuesday, January 9th. Credit Suisse Group restated a “hold” rating and set a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. BMO Capital Markets lifted their price objective on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. lifted their price objective on United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $124.09.

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About United Parcel Service

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.

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

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