The 9010 Shares in United Parcel Service, Inc. (UPS) Acquired by Vision Capital Management Inc.

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Vision Capital Management Inc. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, Holdings Channel reports. The firm bought 9,010 shares of the company’s stock, valued at approximately $985,000.

A number of other hedge funds have also recently modified their holdings of UPS. Security National Trust Co. raised its stake in shares of United Parcel Service by 3.8% in the third quarter. Security National Trust Co. now owns 1,099 shares of the company’s stock valued at $120,000 after buying an additional 40 shares in the last quarter. Lombard Odier & Cie Canada Limited Partnership bought a new stake in shares of United Parcel Service during the third quarter valued at $120,000. Hirtle Callaghan & Co LLC bought a new stake in shares of United Parcel Service during the third quarter valued at $123,000. Financial Architects Inc increased its stake in shares of United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock valued at $124,000 after buying an additional 202 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of United Parcel Service by 216.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,157 shares of the company’s stock valued at $127,000 after buying an additional 791 shares during the last quarter. 53.27% of the stock is owned by institutional investors and hedge funds.

United Parcel Service, Inc. (NYSE:UPS) traded down 0.24% during midday trading on Thursday, hitting $105.10. The stock had a trading volume of 4,353,420 shares. The company’s 50 day moving average price is $114.73 and its 200-day moving average price is $111.53. United Parcel Service, Inc. has a 52-week low of $94.22 and a 52-week high of $120.44. The stock has a market cap of $91.72 billion, a PE ratio of 18.73 and a beta of 0.91.

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

Several brokerages have weighed in on UPS. TheStreet downgraded United Parcel Service to a “hold” rating in a research report on Thursday. Barclays PLC lowered their price objective on United Parcel Service from $122.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday. BMO Capital Markets downgraded United Parcel Service from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a research report on Wednesday. Vetr upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Tuesday. Finally, Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $115.07.

About United Parcel Service

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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