United Parcel Service, Inc. (NYSE:UPS) Shares Sold by RB Capital Management LLC

RB Capital Management LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,147 shares of the transportation company’s stock after selling 97 shares during the period. RB Capital Management LLC’s holdings in United Parcel Service were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after acquiring an additional 64 shares in the last quarter. First Financial Corp IN grew its holdings in shares of United Parcel Service by 24.2% during 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 during the last quarter. Gleason Group Inc. lifted its position in shares of United Parcel Service by 1.1% during 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 increased its stake in shares of United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after buying an additional 69 shares during the period. Finally, Dfpg Investments LLC grew its holdings in United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS traded down $1.56 during mid-day trading on Wednesday, reaching $145.92. The stock had a trading volume of 2,821,328 shares, compared to its average volume of 4,269,183. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The firm has a market capitalization of $124.42 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.70 and a beta of 1.05. The business has a 50 day simple moving average of $149.54 and a 200 day simple moving average of $150.80.

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 analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Susquehanna lifted their target price on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. Finally, TD Cowen decreased their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.23.

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.