United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Northcape Wealth Management LLC

Northcape Wealth Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,655 shares of the transportation company’s stock after selling 78 shares during the quarter. United Parcel Service accounts for approximately 1.1% of Northcape Wealth Management LLC’s holdings, making the stock its 28th biggest holding. Northcape Wealth Management LLC’s holdings in United Parcel Service were worth $2,933,000 as of its most recent filing with the SEC.

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

United Parcel Service Stock Performance

UPS stock traded down $1.08 during mid-day trading on Tuesday, reaching $147.47. 2,402,026 shares of the stock traded hands, compared to its average volume of 4,286,620. 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 business has a 50-day moving average of $149.56 and a two-hundred day moving average of $150.85. The firm has a market capitalization of $125.74 billion, a PE ratio of 21.43, a P/E/G ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm 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%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Oppenheimer boosted their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. BMO Capital Markets lifted their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Morgan Stanley raised their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Finally, Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $165.23.

Insiders Place Their Bets

In related news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

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.