Mission Wealth Management LP Sells 1,141 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mission Wealth Management LP decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,500 shares of the transportation company’s stock after selling 1,141 shares during the period. Mission Wealth Management LP’s holdings in United Parcel Service were worth $2,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. International Assets Investment Management LLC increased its holdings in United Parcel Service by 15,631.2% during the fourth 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 buying an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of United Parcel Service by 36.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after purchasing an additional 541,163 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of United Parcel Service by 28.0% in the third quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after purchasing an additional 532,934 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $147.47 on Wednesday. The firm 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 12-month low of $133.68 and a 12-month high of $192.98. The firm has a 50-day moving average price of $149.54 and a 200-day moving average price of $150.80. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 company 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 quarter last year, the firm posted $2.20 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, Morgan Stanley increased their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $165.23.

Insider Buying and Selling

In related news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.