Cary Street Partners Asset Management LLC Has $2.90 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cary Street Partners Asset Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,461 shares of the transportation company’s stock after purchasing an additional 282 shares during the period. Cary Street Partners Asset Management LLC’s holdings in United Parcel Service were worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Accurate Wealth Management LLC grew its holdings in 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 valued at $541,000 after buying an additional 633 shares in the last quarter. Vicus Capital grew its holdings in shares of United Parcel Service by 134.8% during the 3rd quarter. Vicus Capital now owns 3,687 shares of the transportation company’s stock worth $575,000 after purchasing an additional 2,117 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings 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 acquired a new stake in shares of United Parcel Service during the 3rd quarter worth $595,000. Finally, Dakota Wealth Management grew its holdings in shares of United Parcel Service by 12.9% during the 3rd quarter. Dakota Wealth Management now owns 8,814 shares of the transportation company’s stock worth $1,374,000 after purchasing an additional 1,004 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UPS. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Susquehanna increased their target price on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Barclays reduced their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Finally, Oppenheimer raised their price objective on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Down 0.7 %

Shares of UPS traded down $1.06 during mid-day trading on Wednesday, reaching $146.42. 879,116 shares of the company were exchanged, compared to its average volume of 4,245,418. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $124.85 billion, a PE ratio of 21.21, a PEG ratio of 1.70 and a beta of 1.05. The business has a 50 day simple moving average of $149.54 and a two-hundred day simple moving average of $150.80.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.