Norden Group LLC Sells 297 Shares of United Parcel Service, Inc. (NYSE:UPS)

Norden Group LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,355 shares of the transportation company’s stock after selling 297 shares during the quarter. Norden Group LLC’s holdings in United Parcel Service were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of United Parcel Service by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 130,821 shares of the transportation company’s stock worth $20,569,000 after purchasing an additional 3,277 shares in the last quarter. Intrust Bank NA boosted its position in shares of United Parcel Service by 7.2% during the fourth quarter. Intrust Bank NA now owns 8,127 shares of the transportation company’s stock worth $1,278,000 after purchasing an additional 543 shares in the last quarter. Greatmark Investment Partners Inc. boosted its position in shares of United Parcel Service by 1.8% during the fourth quarter. Greatmark Investment Partners Inc. now owns 91,114 shares of the transportation company’s stock worth $14,326,000 after purchasing an additional 1,611 shares in the last quarter. Bluesphere Advisors LLC bought a new position in shares of United Parcel Service during the fourth quarter worth $217,000. Finally, Choreo LLC boosted its position in shares of United Parcel Service by 1.0% during the fourth quarter. Choreo LLC now owns 137,758 shares of the transportation company’s stock worth $21,660,000 after purchasing an additional 1,321 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UPS. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Susquehanna boosted their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, Barclays cut their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Down 0.7 %

Shares of NYSE:UPS opened at $147.47 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The company’s 50-day moving average price is $149.54 and its two-hundred day moving average price is $150.80. The stock has a market capitalization of $125.74 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’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 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.23 EPS 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.