Trust Point Inc. Buys 1,070 Shares of United Parcel Service, Inc. (NYSE:UPS)

Trust Point Inc. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,132 shares of the transportation company’s stock after buying an additional 1,070 shares during the period. Trust Point Inc.’s holdings in United Parcel Service were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Childress Capital Advisors LLC boosted its holdings in shares of United Parcel Service by 35.9% during the fourth quarter. Childress Capital Advisors LLC now owns 3,538 shares of the transportation company’s stock worth $446,000 after acquiring an additional 935 shares during the period. Optas LLC boosted its stake in United Parcel Service by 26.2% in the 4th quarter. Optas LLC now owns 2,198 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 456 shares during the period. Rice Partnership LLC grew its holdings in United Parcel Service by 652.0% in the 4th quarter. Rice Partnership LLC now owns 15,039 shares of the transportation company’s stock valued at $1,896,000 after buying an additional 13,039 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of United Parcel Service by 1.5% during the fourth quarter. Resonant Capital Advisors LLC now owns 11,054 shares of the transportation company’s stock worth $1,394,000 after buying an additional 159 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of United Parcel Service by 87.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,574 shares of the transportation company’s stock valued at $325,000 after acquiring an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on UPS. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $130.00 in a report on Friday, January 31st. Susquehanna reduced their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Trading Up 0.4 %

Shares of United Parcel Service stock opened at $111.75 on Wednesday. The stock has a market capitalization of $95.37 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The stock has a 50 day moving average price of $127.78 and a two-hundred day moving average price of $129.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the business earned $2.47 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 8.61 earnings per share for the current fiscal year.

About United Parcel Service

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.