ARGI Investment Services LLC Reduces Position in United Parcel Service, Inc. (UPS)

ARGI Investment Services LLC Reduces Position in United Parcel Service, Inc. (UPS)

ARGI Investment Services LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 12,193 shares of the company’s stock after selling 292 shares during the period. ARGI Investment Services LLC’s holdings in United Parcel Service were worth $1,333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Banced Corp raised its position in United Parcel Service by 15.4% in the second quarter. Banced Corp now owns 3,198 shares of the company’s stock worth $316,000 after buying an additional 426 shares during the period. Advisory Services Network LLC raised its position in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares during the period. Huntington National Bank raised its position in United Parcel Service by 20.0% in the second quarter. Huntington National Bank now owns 56,783 shares of the company’s stock worth $6,117,000 after buying an additional 9,454 shares during the period. Nicolet Bankshares Inc. raised its position in United Parcel Service by 8.7% in the second quarter. Nicolet Bankshares Inc. now owns 3,945 shares of the company’s stock worth $425,000 after buying an additional 315 shares during the period. Finally, Roberts Glore & Co. Inc. IL purchased a new position in United Parcel Service during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 53.27% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at 106.95 on Friday. The company’s 50 day moving average is $114.42 and its 200 day moving average is $111.50. The stock has a market cap of $92.83 billion, a PE ratio of 27.64 and a beta of 0.91. United Parcel Service, Inc. has a 12 month low of $94.22 and a 12 month high of $120.44.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 31st. The company reported $1.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by $0.06. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $17.01 billion. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post $5.99 EPS for the current fiscal year.

A number of research analysts have recently commented on UPS shares. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Deutsche Bank AG began coverage on shares of United Parcel Service in a research report on Wednesday, November 2nd. They set a “hold” rating and a $117.00 price target for the company. Vetr downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 price objective for the company. in a report on Tuesday, November 8th. BMO Capital Markets began coverage on shares of United Parcel Service in a report on Thursday, November 17th. They set an “outperform” rating and a $125.00 price objective for the company. They noted that the move was a valuation call. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a report on Friday, November 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $114.73.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

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