Moody National Bank Trust Division Has $1.27 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Moody National Bank Trust Division increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,291 shares of the transportation company’s stock after purchasing an additional 178 shares during the quarter. Moody National Bank Trust Division’s holdings in United Parcel Service were worth $1,271,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. M&R Capital Management Inc. lifted its holdings in shares of United Parcel Service by 35.8% during the second quarter. M&R Capital Management Inc. now owns 607 shares of the transportation company’s stock worth $83,000 after buying an additional 160 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of United Parcel Service by 64.3% during the second quarter. GAMMA Investing LLC now owns 5,394 shares of the transportation company’s stock worth $738,000 after buying an additional 2,111 shares during the last quarter. Cullen Investment Group LTD. lifted its holdings in shares of United Parcel Service by 1.9% during the second quarter. Cullen Investment Group LTD. now owns 10,109 shares of the transportation company’s stock worth $1,383,000 after buying an additional 188 shares during the last quarter. Bank of New Hampshire lifted its holdings in shares of United Parcel Service by 3.5% during the second quarter. Bank of New Hampshire now owns 38,781 shares of the transportation company’s stock worth $5,307,000 after buying an additional 1,301 shares during the last quarter. Finally, Old Port Advisors raised its stake in shares of United Parcel Service by 14.1% in the first quarter. Old Port Advisors now owns 10,101 shares of the transportation company’s stock valued at $1,501,000 after purchasing an additional 1,249 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. UBS Group cut their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Evercore ISI cut their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Finally, Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $154.95.

United Parcel Service Trading Down 1.6 %

NYSE:UPS traded down $2.06 during mid-day trading on Monday, hitting $126.00. The company had a trading volume of 5,240,840 shares, compared to its average volume of 4,278,523. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. The firm has a market cap of $107.80 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.77 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $124.80 and a fifty-two week high of $184.33. The business’s fifty day moving average is $136.28 and its two-hundred day moving average is $144.50.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.64 earnings per share for the current year.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.