BOKF NA lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,013 shares of the transportation company’s stock after selling 8,909 shares during the period. BOKF NA’s holdings in United Parcel Service were worth $5,268,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $29,000. Orrstown Financial Services Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $29,000. Reilly Financial Advisors LLC bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $29,000. Financial Advantage Inc. bought a new position in United Parcel Service during the 4th quarter worth $39,000. Finally, Private Ocean LLC increased its stake in United Parcel Service by 55.3% during the 4th quarter. Private Ocean LLC now owns 466 shares of the transportation company’s stock worth $45,000 after acquiring an additional 166 shares during the period. Institutional investors own 55.54% of the company’s stock.
Shares of UPS stock traded down $0.82 during trading hours on Monday, reaching $113.64. The company’s stock had a trading volume of 1,768,300 shares, compared to its average volume of 3,203,454. The company has a market cap of $98.13 billion, a PE ratio of 15.70, a P/E/G ratio of 1.68 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.15 and a current ratio of 1.15.
In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.72, for a total value of $548,600.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard N. Peretz sold 9,112 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
A number of research firms have commented on UPS. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Berenberg Bank restated a “hold” rating and set a $125.00 price objective on shares of United Parcel Service in a research note on Monday, March 25th. Credit Suisse Group restated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 6th. Standpoint Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Barclays restated a “hold” rating and set a $112.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $123.70.
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About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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