Kornitzer Capital Management Inc. KS Has $3.42 Million Stock Position in United Parcel Service, Inc. $UPS

Kornitzer Capital Management Inc. KS decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,463 shares of the transportation company’s stock after selling 7,161 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in United Parcel Service were worth $3,418,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after purchasing an additional 1,218,432 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after acquiring an additional 1,119,372 shares during the period. Invesco Ltd. boosted its stake in shares of United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after acquiring an additional 993,461 shares during the period. Victory Capital Management Inc. boosted its stake in shares of United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after acquiring an additional 761,217 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of United Parcel Service by 155.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,071,487 shares of the transportation company’s stock worth $106,281,000 after acquiring an additional 652,750 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UPS shares. TD Cowen lifted their target price on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Susquehanna lifted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Stephens lifted their target price on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Oppenheimer lifted their target price on United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $112.08.

United Parcel Service Stock Performance

UPS opened at $107.60 on Friday. The business has a fifty day simple moving average of $103.46 and a 200 day simple moving average of $101.79. The company has a market capitalization of $91.36 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current year.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.