Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 106,589 shares of the company’s stock after buying an additional 3,322 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $11,657,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Security National Trust Co. boosted its stake in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in United Parcel Service by 216.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,157 shares of the company’s stock worth $127,000 after buying an additional 791 shares during the last quarter. Advisory Services Network LLC boosted its stake in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares during the last quarter. Kanaly Trust Co boosted its stake in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC boosted its stake in United Parcel Service by 65.9% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,360 shares of the company’s stock worth $149,000 after buying an additional 540 shares during the last quarter. 52.31% of the stock is currently owned by hedge funds and other institutional investors.

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

United Parcel Service, Inc. (NYSE:UPS) opened at 114.24 on Friday. The stock has a market capitalization of $99.69 billion, a price-to-earnings ratio of 20.36 and a beta of 0.91. The stock’s 50 day moving average is $116.28 and its 200-day moving average is $111.07. United Parcel Service, Inc. has a 12 month low of $87.30 and a 12 month high of $120.44.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $14.72 billion. During the same period in the prior year, the company posted $1.39 EPS. United Parcel Service’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post $5.82 earnings per share for the current year.

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UPS has been the topic of a number of research analyst reports. Deutsche Bank AG initiated coverage on shares of United Parcel Service in a report on Wednesday, November 2nd. They set a “hold” rating and a $117.00 price objective on the stock. Vetr raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 price objective on the stock in a report on Tuesday, January 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a report on Friday, November 25th. Barclays PLC reissued a “hold” rating and set a $122.00 price objective on shares of United Parcel Service in a report on Tuesday. Finally, Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $116.42.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

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