Norden Group LLC Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Norden Group LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,355 shares of the transportation company’s stock after selling 297 shares during the quarter. Norden Group LLC’s holdings in United Parcel Service were worth $685,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of United Parcel Service during the third quarter worth about $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC increased its holdings in United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after buying an additional 98 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UPS. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. BMO Capital Markets boosted their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. TD Cowen lowered their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, Morgan Stanley upped their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $147.47 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $149.54 and a 200-day simple moving average of $150.80. The company has a market cap of $125.74 billion, a PE ratio of 21.37, a P/E/G ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98.

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

Insiders Place Their Bets

In other news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $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.

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.