Oppenheimer & Co. Inc. Raises Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Oppenheimer & Co. increased its stake in United Parcel Service by 46.2% in Q4, adding 36,545 shares to hold 115,623 shares valued at about $11.47 million.
• UPS beat quarterly estimates with $1.07 EPS versus $1.02 expected and $21.20 billion in revenue, and several brokerages have since raised price targets to around $115 while the consensus rating remains "Hold" with a $112.08 average target.

Oppenheimer & Co. Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,623 shares of the transportation company's stock after acquiring an additional 36,545 shares during the period. Oppenheimer & Co. Inc.'s holdings in United Parcel Service were worth $11,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in United Parcel Service in the 2nd quarter worth $277,000. SVB Wealth LLC purchased a new position in United Parcel Service in the 2nd quarter worth $848,000. Treasurer of the State of North Carolina raised its stake in United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company's stock worth $34,609,000 after acquiring an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company's stock worth $10,580,000 after acquiring an additional 63,629 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE UPS opened at $107.60 on Friday. The stock has a 50-day simple moving average of $103.46 and a two-hundred day simple moving average of $101.66. The firm has a market capitalization of $91.36 billion, a P/E ratio of 17.41, a PEG ratio of 1.73 and a beta of 1.12. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.22 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPS. Oppenheimer raised 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. TD Cowen lifted their price objective on United Parcel Service from $101.00 to $115.00 and gave the company a "hold" rating in a research note on Wednesday, January 28th. Stephens lifted their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 28th. Wolfe Research reiterated a "peer perform" rating on shares of United Parcel Service in a research note on Thursday, January 8th. Finally, BNP Paribas Exane lowered United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 price objective for the company. in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $112.08.

United Parcel Service Company Profile

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.

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