Transcend Capital Advisors LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Transcend Capital Advisors LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,507 shares of the transportation company’s stock after selling 287 shares during the quarter. Transcend Capital Advisors LLC’s holdings in United Parcel Service were worth $551,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. OFI Invest Asset Management purchased a new position in United Parcel Service during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the fourth quarter valued at $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC grew its position in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $148.56 on Tuesday. The stock has a market capitalization of $126.67 billion, a P/E ratio of 21.53, a PEG ratio of 1.69 and a beta of 1.05. The business has a 50 day simple moving average of $149.56 and a two-hundred day simple moving average of $150.85. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm 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 was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. As a group, analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UPS shares. Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Morgan Stanley boosted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $165.23.

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.