TCI Wealth Advisors Inc. Sells 151 Shares of United Parcel Service, Inc. (NYSE:UPS)

TCI Wealth Advisors Inc. lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 996 shares of the transportation company’s stock after selling 151 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in United Parcel Service were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of UPS. First National Corp MA ADV purchased a new stake in United Parcel Service in the first quarter valued at about $38,000. CX Institutional purchased a new stake in United Parcel Service in the first quarter valued at about $29,000. RPG Investment Advisory LLC raised its stake in United Parcel Service by 277.1% in the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after buying an additional 194 shares during the last quarter. Somerset Trust Co raised its stake in United Parcel Service by 161.0% in the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after buying an additional 169 shares during the last quarter. Finally, Financial Gravity Wealth Inc. purchased a new stake in United Parcel Service in the first quarter valued at about $32,000. 55.48% of the stock is currently owned by institutional investors.

Shares of NYSE:UPS traded down $0.27 during trading on Friday, hitting $116.71. The stock had a trading volume of 2,254,757 shares, compared to its average volume of 3,544,277. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.09. The firm has a market capitalization of $103.13 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.83 and a beta of 1.23. The company has a quick ratio of 1.13, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. The business’s 50-day moving average price is $105.65.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. During the same period last year, the business posted $1.94 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

UPS has been the subject of a number of research analyst reports. Argus reiterated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $114.00 price target on shares of United Parcel Service in a research note on Thursday, July 25th. Cowen reiterated 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, April 26th. Finally, Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a research note on Monday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $118.82.

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

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