Mach 1 Financial Group LLC Grows Position in United Parcel Service, Inc. (NYSE:UPS)

Mach 1 Financial Group LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,298 shares of the transportation company’s stock after buying an additional 353 shares during the period. Mach 1 Financial Group LLC’s holdings in United Parcel Service were worth $990,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of United Parcel Service during the third quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service in the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service in the fourth quarter worth about $28,000. Bourgeon Capital Management LLC purchased a new position in United Parcel Service in the fourth quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC boosted its position in United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.7 %

United Parcel Service stock traded down $1.08 during mid-day 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 has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a 50 day moving average of $149.54 and a 200-day moving average of $150.80. The stock has a market cap of $125.74 billion, a PE ratio of 21.37, a P/E/G ratio of 1.69 and a beta of 1.05.

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

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UPS. Morgan Stanley raised their target price 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. Stifel Nicolaus lowered their price objective 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. Bank of America lifted their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI reaffirmed an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service 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.