United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,461 shares of the transportation company’s stock after buying an additional 282 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in United Parcel Service were worth $2,903,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN lifted its position in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. lifted its position in shares of United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC lifted its position in shares of United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after purchasing an additional 69 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Oppenheimer increased their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Raymond James dropped their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. TD Cowen dropped their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Evercore ISI restated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, Morgan Stanley increased 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $165.23.

Insider Buying and Selling

In other news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase 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 company insiders.

United Parcel Service Stock Performance

UPS stock traded down $1.06 during midday trading on Wednesday, hitting $146.42. The stock had a trading volume of 879,116 shares, compared to its average volume of 4,245,418. The firm has a market capitalization of $124.85 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The stock has a 50-day simple moving average of $149.54 and a 200 day simple moving average 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 issued 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 firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current 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.