Accurate Investment Solutions Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,323 shares of the transportation company’s stock after purchasing an additional 1,350 shares during the period. United Parcel Service makes up 3.1% of Accurate Investment Solutions Inc.’s portfolio, making the stock its 14th largest holding. Accurate Investment Solutions Inc.’s holdings in United Parcel Service were worth $3,947,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in UPS. Orrstown Financial Services Inc. acquired a new position in United Parcel Service during the 4th quarter valued at approximately $29,000. Reilly Financial Advisors LLC acquired a new position in United Parcel Service during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC acquired a new position in United Parcel Service during the 4th quarter valued at approximately $29,000. CX Institutional acquired a new position in United Parcel Service during the 1st quarter valued at approximately $29,000. Finally, Financial Advantage Inc. acquired a new position in United Parcel Service during the 4th quarter valued at approximately $39,000. 55.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE UPS traded up $1.14 during mid-day trading on Friday, reaching $106.65. The company’s stock had a trading volume of 3,107,506 shares, compared to its average volume of 3,284,700. The stock has a market capitalization of $91.74 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.09.
In other news, CFO Richard N. Peretz sold 9,112 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,612 shares of company stock valued at $1,720,717. Company insiders own 0.17% of the company’s stock.
UPS has been the topic of a number of research reports. Credit Suisse Group increased their price objective on shares of United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Barclays reiterated a “hold” rating and issued a $112.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 29th. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $125.00 to $130.00 in a report on Monday, April 1st. Finally, Bank of America reissued a “neutral” rating and set a $112.00 price target (down from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $122.41.
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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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