Mutual Advisors LLC Sells 18,014 Shares of United Parcel Service, Inc. $UPS

Mutual Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,101 shares of the transportation company’s stock after selling 18,014 shares during the quarter. Mutual Advisors LLC’s holdings in United Parcel Service were worth $8,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. EQ Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth approximately $126,000. GenTrust LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth approximately $266,000. Oppenheimer & Co. Inc. raised its holdings in shares of United Parcel Service by 46.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 115,623 shares of the transportation company’s stock worth $11,469,000 after acquiring an additional 36,545 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of United Parcel Service by 43.3% during the 4th quarter. Sigma Planning Corp now owns 26,781 shares of the transportation company’s stock worth $2,657,000 after acquiring an additional 8,091 shares in the last quarter. Finally, Cullinan Associates Inc. raised its holdings in shares of United Parcel Service by 9.4% during the 4th quarter. Cullinan Associates Inc. now owns 78,301 shares of the transportation company’s stock worth $7,767,000 after acquiring an additional 6,751 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

UPS opened at $108.93 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50. The business’s fifty day simple moving average is $103.46 and its 200-day simple moving average is $101.66. The company has a market capitalization of $92.49 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.70 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UPS. Evercore decreased their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Susquehanna increased their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their price target on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $112.08.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.