United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Choreo LLC

Choreo LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,789 shares of the transportation company’s stock after selling 1,684 shares during the period. Choreo LLC’s holdings in United Parcel Service were worth $19,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. Principal Financial Group Inc. increased its position in United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares during the period. Synovus Financial Corp increased its position in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares during the period. Van ECK Associates Corp increased its position in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. HF Advisory Group LLC acquired a new stake in United Parcel Service in the fourth quarter worth $1,305,000. Finally, Rovin Capital UT ADV increased its position in United Parcel Service by 85.7% in the fourth quarter. Rovin Capital UT ADV now owns 4,757 shares of the transportation company’s stock worth $600,000 after buying an additional 2,195 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.4 %

Shares of NYSE UPS opened at $111.75 on Wednesday. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a market cap of $95.37 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.63 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $127.32 and a 200-day simple moving average of $129.69.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company posted $2.47 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup decreased their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus decreased their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Loop Capital decreased their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

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.