Mitchell Sinkler & Starr PA trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,320 shares of the transportation company’s stock after selling 900 shares during the period. Mitchell Sinkler & Starr PA’s holdings in United Parcel Service were worth $818,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of UPS. Orrstown Financial Services Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth $29,000. Reilly Financial Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $29,000. Larson Financial Group LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $29,000. CX Institutional acquired a new position in shares of United Parcel Service during the 1st quarter worth $29,000. Finally, Financial Advantage Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 55.55% of the company’s stock.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Berenberg Bank reissued a “hold” rating and issued a $125.00 target price on shares of United Parcel Service in a research note on Monday, March 25th. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 target price on shares of United Parcel Service in a research note on Wednesday, March 6th. Standpoint Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Barclays reissued a “hold” rating and issued a $112.00 target price on shares of United Parcel Service in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and an average price target of $123.70.
Shares of NYSE UPS traded up $0.37 on Wednesday, reaching $114.31. 35,510 shares of the company traded hands, compared to its average volume of 2,495,623. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $98.01 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.68 and a beta of 1.21.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.03. The firm had revenue of $19.85 billion during the quarter, compared to analysts’ expectations of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same quarter in the prior year, the business earned $1.67 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.54 EPS for the current year.
In other news, CFO Richard N. Peretz sold 9,112 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total transaction of $1,013,072.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
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United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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