Mach 1 Financial Group LLC Purchases 353 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mach 1 Financial Group LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,298 shares of the transportation company’s stock after buying an additional 353 shares during the quarter. Mach 1 Financial Group LLC’s holdings in United Parcel Service were worth $990,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. RMR Wealth Builders acquired a new position in United Parcel Service during the third quarter valued at approximately $603,000. Atlas Private Wealth Management boosted its position in United Parcel Service by 3.0% during the third quarter. Atlas Private Wealth Management now owns 3,733 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 107 shares during the last quarter. Sweet Financial Partners LLC boosted its position in United Parcel Service by 7.0% during the third quarter. Sweet Financial Partners LLC now owns 10,107 shares of the transportation company’s stock valued at $1,575,000 after purchasing an additional 664 shares during the last quarter. Accurate Wealth Management LLC boosted its position in United Parcel Service by 22.5% during the third quarter. Accurate Wealth Management LLC now owns 3,441 shares of the transportation company’s stock valued at $541,000 after purchasing an additional 633 shares during the last quarter. Finally, Vicus Capital boosted its position in United Parcel Service by 134.8% during the third quarter. Vicus Capital now owns 3,687 shares of the transportation company’s stock valued at $575,000 after purchasing an additional 2,117 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Susquehanna raised their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Stifel Nicolaus cut their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $165.23.

Insider Buying and Selling

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of UPS traded down $1.08 during midday trading on Tuesday, hitting $147.47. The company’s stock had a trading volume of 2,402,026 shares, compared to its average volume of 4,286,620. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company’s fifty day simple moving average is $149.54 and its two-hundred day simple moving average is $150.80. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $125.74 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.