Thrivent Financial for Lutherans raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,798 shares of the transportation company’s stock after buying an additional 17,357 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of United Parcel Service worth $45,577,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $29,000. Orrstown Financial Services Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $29,000. Reilly Financial Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $29,000. Financial Advantage Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $39,000. Finally, ERTS Wealth Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 55.55% of the company’s stock.
UPS stock traded down $0.34 on Friday, hitting $114.15. 1,859,667 shares of the company’s stock were exchanged, compared to its average volume of 2,349,640. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.09. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $98.20 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.21.
UPS has been the subject of a number of research analyst reports. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Standpoint Research initiated coverage on United Parcel Service in a research report on Wednesday, December 26th. They set a “buy” rating and a $89.89 target price for the company. Berenberg Bank raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the company from $125.00 to $130.00 in a research report on Monday, April 1st. Bank of America reaffirmed a “neutral” rating and set a $112.00 target price (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Finally, Credit Suisse Group lifted their target price on United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $123.70.
In other United Parcel Service news, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total transaction of $1,013,072.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.
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United Parcel Service Company Profile
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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