Stonegate Investment Group LLC Purchases 2,568 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stonegate Investment Group LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,846 shares of the transportation company’s stock after purchasing an additional 2,568 shares during the quarter. Stonegate Investment Group LLC’s holdings in United Parcel Service were worth $6,814,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service during the fourth quarter worth approximately $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UPS shares. Susquehanna lifted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Morgan Stanley upped their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Stifel Nicolaus decreased their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, 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 report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.08 on Tuesday, reaching $147.47. 2,402,026 shares of the company traded hands, compared to its average volume of 4,286,620. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The firm has a market capitalization of $125.74 billion, a PE ratio of 21.37, a PEG ratio of 1.69 and a beta of 1.05. The company has a 50 day moving average of $149.54 and a 200 day moving average of $150.80. 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 announced its quarterly earnings data 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 business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Company Profile

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.