United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,846 shares of the transportation company’s stock after purchasing an additional 2,568 shares during the period. Stonegate Investment Group LLC’s holdings in United Parcel Service were worth $6,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. Harbor Capital Advisors Inc. increased its stake in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN increased its position in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. raised its stake in United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the last quarter. Cullen Investment Group LTD. lifted its position in United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after acquiring an additional 68 shares during the period. Finally, Advisors Capital Management LLC grew its stake in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UPS shares. Evercore ISI restated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. Barclays reduced their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Finally, Oppenheimer upped their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Price Performance

United Parcel Service stock traded down $1.08 during trading on Tuesday, reaching $147.47. The company had a trading volume of 2,402,026 shares, compared to its average volume of 4,286,620. The firm has a market capitalization of $125.74 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The firm’s 50-day simple moving average is $149.54 and its 200 day simple moving average is $150.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98.

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

United Parcel Service Company 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.