Intrust Bank NA Acquires 543 Shares of United Parcel Service, Inc. (NYSE:UPS)

Intrust Bank NA grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,127 shares of the transportation company’s stock after acquiring an additional 543 shares during the period. Intrust Bank NA’s holdings in United Parcel Service were worth $1,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares during the last quarter. International Assets Investment Management LLC raised its stake in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the period. Wellington Management Group LLP lifted its holdings in United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Northern Trust Corp boosted its position in United Parcel Service by 0.4% during the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of United Parcel Service by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 6,456,594 shares of the transportation company’s stock valued at $1,006,389,000 after purchasing an additional 142,546 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on UPS. Evercore ISI reiterated an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. Stifel Nicolaus dropped their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, April 3rd. Susquehanna lifted 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. Finally, Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Trading Down 0.9 %

United Parcel Service stock traded down $1.34 during trading hours on Tuesday, hitting $147.21. The stock had a trading volume of 247,169 shares, compared to its average volume of 4,258,912. The stock has a market cap of $125.52 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The business’s 50 day simple moving average is $149.56 and its 200-day simple moving average is $150.85. 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 posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for 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 firm’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $2.20 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company 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.