Mechanics Bank Trust Department Sells 1,400 Shares of United Parcel Service, Inc. (UPS)

Mechanics Bank Trust Department decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.4% in the 4th quarter, HoldingsChannel reports. The fund owned 17,409 shares of the transportation company’s stock after selling 1,400 shares during the period. Mechanics Bank Trust Department’s holdings in United Parcel Service were worth $2,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BB&T Corp boosted its position in shares of United Parcel Service by 0.6% during the fourth quarter. BB&T Corp now owns 269,059 shares of the transportation company’s stock valued at $32,058,000 after buying an additional 1,722 shares during the last quarter. One Capital Management LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $214,000. Advisor Partners LLC boosted its position in shares of United Parcel Service by 9.0% during the fourth quarter. Advisor Partners LLC now owns 13,112 shares of the transportation company’s stock valued at $1,745,000 after buying an additional 1,085 shares during the last quarter. Parsec Financial Management Inc. boosted its position in shares of United Parcel Service by 7.7% during the fourth quarter. Parsec Financial Management Inc. now owns 70,611 shares of the transportation company’s stock valued at $8,413,000 after buying an additional 5,022 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in shares of United Parcel Service by 2.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 359,178 shares of the transportation company’s stock valued at $42,796,000 after buying an additional 9,441 shares during the last quarter. Hedge funds and other institutional investors own 53.56% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at $116.47 on Monday. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22. The company has a market capitalization of $100,370.00, a price-to-earnings ratio of 20.76, a PEG ratio of 1.74 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. sell-side analysts forecast that United Parcel Service, Inc. will post 7.27 earnings per share for the current fiscal year.

UPS has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. BMO Capital Markets lifted their target price on United Parcel Service to $130.00 and gave the company a “market perform” rating in a research report on Friday. Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective on the stock in a research report on Tuesday, December 26th. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $137.00 price objective on shares of United Parcel Service in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.14.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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