RB Capital Management LLC Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

RB Capital Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,147 shares of the transportation company’s stock after selling 97 shares during the period. RB Capital Management LLC’s holdings in United Parcel Service were worth $495,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Accurate Wealth Management LLC grew its holdings in shares of United Parcel Service by 22.5% in the 3rd quarter. Accurate Wealth Management LLC now owns 3,441 shares of the transportation company’s stock worth $541,000 after acquiring an additional 633 shares during the period. Vicus Capital grew its position in shares of United Parcel Service by 134.8% in the third quarter. Vicus Capital now owns 3,687 shares of the transportation company’s stock valued at $575,000 after purchasing an additional 2,117 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of United Parcel Service by 2.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 120,947 shares of the transportation company’s stock worth $18,852,000 after purchasing an additional 3,245 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in United Parcel Service in the 3rd quarter valued at approximately $595,000. Finally, Dakota Wealth Management grew its holdings in United Parcel Service by 12.9% during the 3rd quarter. Dakota Wealth Management now owns 8,814 shares of the transportation company’s stock valued at $1,374,000 after buying an additional 1,004 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Susquehanna boosted their price target on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Morgan Stanley lifted their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Raymond James reduced their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. Finally, Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $165.23.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Down 1.1 %

NYSE:UPS traded down $1.56 during mid-day trading on Wednesday, hitting $145.92. The company had a trading volume of 2,821,328 shares, compared to its average volume of 4,269,183. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The business has a fifty day simple moving average of $149.54 and a 200-day simple moving average of $150.80. The firm has a market capitalization of $124.42 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.70 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.