United Parcel Service, Inc. (UPS) Holding Grow by Factory Mutual Insurance Co.

United Parcel Service, Inc. (UPS) Holding Grow by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 514,900 shares of the transportation company’s stock after acquiring an additional 36,000 shares during the period. Factory Mutual Insurance Co.’s holdings in United Parcel Service were worth $60,114,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UPS. First PREMIER Bank bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $109,000. Legacy Financial Advisors Inc. bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $111,000. Moneta Group Investment Advisors LLC raised its position in shares of United Parcel Service by 118.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 600 shares during the period. Signature Wealth Management Group bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $118,000. Finally, Gables Capital Management Inc. bought a new stake in shares of United Parcel Service during the 1st quarter valued at $119,000. Hedge funds and other institutional investors own 53.96% of the company’s stock.

In other United Parcel Service news, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James J. Barber sold 2,500 shares of United Parcel Service stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The disclosure for this sale can be found here. Insiders sold a total of 8,512 shares of company stock valued at $1,031,932 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Several analysts have recently commented on the stock. Morgan Stanley set a $93.00 price objective on shares of United Parcel Service and gave the company a “sell” rating in a research report on Tuesday. Goldman Sachs Group set a $139.00 target price on shares of United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, July 24th. Stephens set a $128.00 target price on shares of United Parcel Service and gave the company a “hold” rating in a research note on Wednesday, July 25th. Finally, Loop Capital raised their target price on shares of United Parcel Service to $145.00 and gave the company a “positive” rating in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $125.55.

UPS opened at $117.92 on Wednesday. The firm has a market cap of $100.45 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.74 and a beta of 1.16. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The business had revenue of $17.46 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same period last year, the company posted $1.58 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.25 EPS for the current year.

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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