United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Certuity LLC

Certuity LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,762 shares of the transportation company’s stock after purchasing an additional 1,034 shares during the period. Certuity LLC’s holdings in United Parcel Service were worth $2,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. MWA Asset Management acquired a new position in United Parcel Service in the third quarter valued at approximately $2,125,000. Chesapeake Wealth Management lifted its holdings in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC lifted its holdings in United Parcel Service by 13.1% in the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the last quarter. CapWealth Advisors LLC lifted its holdings in United Parcel Service by 1.2% in the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in United Parcel Service by 1.0% in the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UPS. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Raymond James cut their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus cut their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $165.23.

Insider Buying and Selling

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

United Parcel Service stock traded down $0.77 during mid-day trading on Tuesday, reaching $147.78. The company had a trading volume of 1,037,374 shares, compared to its average volume of 4,269,558. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The company has a market capitalization of $126.00 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.69 and a beta of 1.05. The stock’s 50-day simple moving average is $149.56 and its 200-day simple moving average is $150.85.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period last year, the company posted $2.20 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service 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.