IHT Wealth Management LLC Has $536,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

IHT Wealth Management LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,491 shares of the transportation company’s stock after acquiring an additional 702 shares during the period. IHT Wealth Management LLC’s holdings in United Parcel Service were worth $536,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in shares of United Parcel Service by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 448,441 shares of the transportation company’s stock valued at $52,355,000 after acquiring an additional 4,002 shares during the period. Country Club Trust Company n.a. raised its position in shares of United Parcel Service by 21.8% during the 4th quarter. Country Club Trust Company n.a. now owns 62,023 shares of the transportation company’s stock worth $6,050,000 after purchasing an additional 11,106 shares during the last quarter. Tredje AP fonden raised its position in shares of United Parcel Service by 2.3% during the 4th quarter. Tredje AP fonden now owns 55,837 shares of the transportation company’s stock worth $5,446,000 after purchasing an additional 1,243 shares during the last quarter. Conning Inc. raised its position in shares of United Parcel Service by 5.1% during the 4th quarter. Conning Inc. now owns 392,009 shares of the transportation company’s stock worth $38,233,000 after purchasing an additional 18,898 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. raised its position in shares of United Parcel Service by 3.7% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 42,697 shares of the transportation company’s stock worth $4,165,000 after purchasing an additional 1,504 shares during the last quarter. Institutional investors own 55.55% of the company’s stock.

In other news, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total transaction of $1,013,072.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Several brokerages recently issued reports on UPS. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $130.00 in a research report on Monday, April 1st. Credit Suisse Group restated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 6th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Standpoint Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, Bank of America restated a “neutral” rating and set a $112.00 price objective (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $123.70.

UPS traded down $0.34 during trading on Friday, hitting $114.15. The company’s stock had a trading volume of 1,859,667 shares, compared to its average volume of 2,349,640. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $98.20 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.03. The company had revenue of $19.85 billion during the quarter, compared to the consensus estimate of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same period in the previous year, the firm posted $1.67 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.52 earnings per share for the current fiscal year.

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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.

Further Reading: What are Institutional Investors?

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

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