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

Northcape Wealth Management LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,655 shares of the transportation company’s stock after selling 78 shares during the period. United Parcel Service makes up approximately 1.1% of Northcape Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Northcape Wealth Management LLC’s holdings in United Parcel Service were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in United Parcel Service during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service during the 4th quarter valued at about $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC lifted its holdings in United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.7 %

NYSE:UPS traded down $1.08 during trading hours on Tuesday, reaching $147.47. 2,402,026 shares of the company traded hands, compared to its average volume of 4,286,620. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The stock has a market capitalization of $125.74 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.69 and a beta of 1.05. The business’s 50-day moving average price is $149.56 and its two-hundred day moving average price is $150.85. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced 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. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 EPS. Analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

Insider Activity

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

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Susquehanna upped their target price 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. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Bank of America raised their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $165.23.

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.