Concord Wealth Partners Has $1.49 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Concord Wealth Partners lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,501 shares of the transportation company’s stock after buying an additional 638 shares during the quarter. Concord Wealth Partners’ holdings in United Parcel Service were worth $1,494,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after buying an additional 628,944 shares during the last quarter. International Assets Investment Management LLC raised its stake in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP raised its stake in United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares in the last quarter. Northern Trust Corp raised its stake in United Parcel Service by 0.4% in the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in United Parcel Service by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,456,594 shares of the transportation company’s stock worth $1,006,389,000 after purchasing an additional 142,546 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. TD Cowen decreased their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Raymond James decreased their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley raised their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Finally, Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average price target of $165.23.

Insider Activity

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

United Parcel Service Trading Down 0.3 %

Shares of NYSE:UPS traded down $0.48 during trading on Wednesday, reaching $147.00. The stock had a trading volume of 1,755,568 shares, compared to its average volume of 4,254,976. The firm’s fifty day moving average is $149.54 and its 200 day moving average is $150.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The stock has a market cap of $125.34 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.70 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period in the prior year, the firm posted $2.20 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

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.