JGP Wealth Management LLC Has $1.13 Million Holding in United Parcel Service, Inc. (NYSE:UPS)

JGP Wealth Management LLC Has $1.13 Million Holding in United Parcel Service, Inc. (NYSE:UPS)

JGP Wealth Management LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,604 shares of the transportation company’s stock after selling 1,539 shares during the period. JGP Wealth Management LLC’s holdings in United Parcel Service were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UPS. Vanguard Group Inc. grew its stake in shares of United Parcel Service by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,189,390 shares of the transportation company’s stock worth $6,093,112,000 after acquiring an additional 704,504 shares in the last quarter. Vanguard Group Inc grew its stake in shares of United Parcel Service by 1.4% in the third quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock valued at $6,093,112,000 after buying an additional 704,504 shares in the last quarter. BlackRock Inc. grew its stake in shares of United Parcel Service by 0.3% in the third quarter. BlackRock Inc. now owns 42,454,730 shares of the transportation company’s stock valued at $4,956,590,000 after buying an additional 139,134 shares in the last quarter. FMR LLC grew its stake in shares of United Parcel Service by 5.2% in the third quarter. FMR LLC now owns 11,152,212 shares of the transportation company’s stock valued at $1,302,020,000 after buying an additional 547,718 shares in the last quarter. Finally, Capital International Investors bought a new position in shares of United Parcel Service in the third quarter valued at $525,375,000. Institutional investors own 53.94% of the company’s stock.

UPS has been the subject of several analyst reports. UBS Group decreased their target price on shares of United Parcel Service from $137.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Citigroup reduced their price objective on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Raymond James reduced their price objective on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Finally, Barclays reissued a “hold” rating and set a $112.00 target price on shares of United Parcel Service in a report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $122.29.

United Parcel Service stock traded up $0.16 during midday trading on Friday, reaching $108.10. The company’s stock had a trading volume of 2,912,300 shares, compared to its average volume of 3,944,562. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a quick ratio of 1.14, a current ratio of 1.12 and a debt-to-equity ratio of 6.56. The stock has a market cap of $92.88 billion, a PE ratio of 14.91, a P/E/G ratio of 1.62 and a beta of 1.18.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.03. The firm had revenue of $19.85 billion for the quarter, compared to analysts’ expectations of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same quarter in the previous year, the business posted $1.67 earnings per share. As a group, analysts expect that United Parcel Service, Inc. will post 7.6 earnings per share for the current year.

United Parcel Service 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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