Zeke Capital Advisors LLC reduced its holdings in shares of United Parcel Service (NYSE:UPS) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,158 shares of the transportation company’s stock after selling 1,136 shares during the quarter. Zeke Capital Advisors LLC’s holdings in United Parcel Service were worth $1,687,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC raised its holdings in United Parcel Service by 0.9% in the second quarter. Flinton Capital Management LLC now owns 12,012 shares of the transportation company’s stock valued at $1,328,000 after acquiring an additional 112 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of United Parcel Service by 1.0% during the second quarter. Nicholas Hoffman & Company LLC. now owns 12,195 shares of the transportation company’s stock worth $1,349,000 after purchasing an additional 118 shares during the period. Peapack Gladstone Financial Corp raised its holdings in shares of United Parcel Service by 0.3% during the second quarter. Peapack Gladstone Financial Corp now owns 40,064 shares of the transportation company’s stock worth $4,431,000 after purchasing an additional 139 shares during the period. Advisory Services Network LLC raised its holdings in shares of United Parcel Service by 1.8% during the second quarter. Advisory Services Network LLC now owns 9,402 shares of the transportation company’s stock worth $1,040,000 after purchasing an additional 164 shares during the period. Finally, Rench Wealth Management Inc. grew its position in shares of United Parcel Service by 1.3% during the second quarter. Rench Wealth Management Inc. now owns 13,207 shares of the transportation company’s stock worth $1,461,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 54.06% of the company’s stock.
UPS has been the subject of several recent research reports. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price for the company. in a research report on Thursday, February 22nd. Loop Capital increased their target price on shares of United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 7th. Morgan Stanley raised their price objective on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Finally, Edward Jones upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $125.21.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Shares of United Parcel Service stock traded down $1.85 during midday trading on Friday, hitting $105.33. The company had a trading volume of 4,397,221 shares, compared to its average volume of 3,449,880. The company has a market cap of $92,347.68, a price-to-earnings ratio of 17.53, a PEG ratio of 1.60 and a beta of 1.03. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service has a 1-year low of $101.45 and a 1-year high of $135.53.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. United Parcel Service’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.63 earnings per share. research analysts forecast that United Parcel Service will post 7.23 earnings per share for the current fiscal year.
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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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