Strs Ohio Increases Holdings in United Parcel Service, Inc. $UPS

Strs Ohio boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 529,126 shares of the transportation company's stock after purchasing an additional 37,101 shares during the period. Strs Ohio owned about 0.06% of United Parcel Service worth $52,484,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Torren Management LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. increased its holdings in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock valued at $31,000 after purchasing an additional 163 shares during the period. Activest Wealth Management increased its holdings in United Parcel Service by 144.3% during the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company's stock valued at $40,000 after purchasing an additional 241 shares during the period. Avion Wealth increased its holdings in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company's stock valued at $36,000 after purchasing an additional 321 shares during the period. Finally, Optima Capital LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $107.60 on Friday. The stock's 50 day simple moving average is $103.46 and its two-hundred day simple moving average is $101.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.22 and a current ratio of 1.21. The stock has a market cap of $91.36 billion, a price-to-earnings 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.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings raised United Parcel Service from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, April 24th. Sanford C. Bernstein lifted their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, January 9th. Jefferies Financial Group lifted their price objective on United Parcel Service from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. UBS Group cut their price objective on United Parcel Service from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on United Parcel Service from $88.00 to $106.00 and gave the company a "hold" rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued 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, the company presently has an average rating of "Hold" and a consensus target price of $112.08.

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.

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