Bell & Brown Wealth Advisors LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,170 shares of the transportation company’s stock, valued at approximately $212,000.
Other large investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $29,000. Orrstown Financial Services Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Reilly Financial Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Financial Advantage Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $39,000. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $39,000. 55.56% of the stock is owned by hedge funds and other institutional investors.
UPS has been the topic of a number of recent research reports. Berenberg Bank reissued a “hold” rating and issued a $125.00 target price on shares of United Parcel Service in a report on Monday, March 25th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Barclays restated a “hold” rating and issued a $112.00 price target on shares of United Parcel Service in a research note on Tuesday, January 29th. Raymond James decreased their price target on United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Friday. Finally, Cowen restated a “market perform” rating and issued a $116.00 price target (down from $118.00) on shares of United Parcel Service in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $122.41.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). The company had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.79 billion. United Parcel Service had a net margin of 6.67% and a return on equity of 254.74%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.52 earnings per share for the current year.
In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard N. Peretz sold 9,112 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was 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. Corporate insiders own 0.17% of the company’s stock.
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United Parcel Service 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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