Radnor Capital Management LLC Raises Stake in United Parcel Service, Inc. (NYSE:UPS)
Radnor Capital Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,310 shares of the transportation company’s stock after acquiring an additional 175 shares during the quarter. Radnor Capital Management LLC’s holdings in United Parcel Service were worth $1,375,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its stake in United Parcel Service by 19.5% in the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock worth $1,636,496,000 after acquiring an additional 2,391,075 shares during the last quarter. Clearbridge Investments LLC lifted its stake in United Parcel Service by 4.3% in the first quarter. Clearbridge Investments LLC now owns 8,939,900 shares of the transportation company’s stock worth $998,944,000 after acquiring an additional 369,077 shares during the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock worth $779,687,000 after acquiring an additional 585,738 shares during the last quarter. Norges Bank purchased a new position in United Parcel Service in the fourth quarter worth approximately $491,939,000. Finally, Boston Partners lifted its stake in United Parcel Service by 83.7% in the first quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock worth $388,323,000 after acquiring an additional 1,583,923 shares during the last quarter. Institutional investors own 55.49% of the company’s stock.
Shares of United Parcel Service stock traded up $2.33 during trading on Friday, reaching $120.58. The company’s stock had a trading volume of 8,526,003 shares, compared to its average volume of 3,135,152. The stock has a 50-day moving average price of $103.17. The company has a market capitalization of $101.78 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.82 and a beta of 1.23. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.13 and a current ratio of 1.09.
UPS has been the topic of a number of research analyst reports. Bank of America cut shares of TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday. Credit Suisse Group reissued a “buy” rating and set a $425.00 price objective on shares of Boeing in a report on Thursday. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $118.87.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.
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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