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QRG Capital Management Inc. Buys 13,054 Shares of United Parcel Service, Inc. $UPS

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QRG Capital Management Inc. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,125 shares of the transportation company's stock after purchasing an additional 13,054 shares during the period. QRG Capital Management Inc.'s holdings in United Parcel Service were worth $9,832,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UPS. Vanguard Group Inc. grew its holdings in 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 valued at $6,794,160,000 after buying an additional 1,218,432 shares in the last quarter. AQR Capital Management LLC boosted its position 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 valued at $231,388,000 after acquiring an additional 1,119,372 shares during the last quarter. Invesco Ltd. boosted its position 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 valued at $561,678,000 after acquiring an additional 993,461 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company's stock valued at $667,109,000 after purchasing an additional 761,217 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of United Parcel Service by 155.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,071,487 shares of the transportation company's stock valued at $106,281,000 after purchasing an additional 652,750 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.8%

Shares of UPS opened at $98.05 on Wednesday. The firm has a market capitalization of $83.25 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.53 and a beta of 1.06. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The firm has a fifty day moving average price of $103.08 and a 200-day moving average price of $102.02. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business posted $1.49 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

Key Headlines Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 28th. Citigroup boosted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Wolfe Research restated a "peer perform" rating on shares of United Parcel Service in a report on Thursday, January 8th. UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane cut shares of United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 price objective on the stock. in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and a consensus target price of $112.08.

Read Our Latest Analysis on UPS

United Parcel Service Company Profile

(Free Report)

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

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