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

Key Points

• Mutual Advisors LLC cut its UPS stake by 16.8%, selling 18,014 shares and retaining 89,101 shares valued at about $8.84 million at the end of the quarter.
• Several large institutions (Vanguard, AQR, Invesco, Victory, Assenagon) materially increased their UPS positions, leaving institutional ownership at about 60.26%.
• Analysts hold a consensus "Hold" rating with a $112.08 target; UPS slightly beat the quarter with $1.07 EPS (vs. $1.02 est.) and $21.2B revenue, though revenue was down 1.4% year‑over‑year.

Mutual Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,101 shares of the transportation company's stock after selling 18,014 shares during the period. Mutual Advisors LLC's holdings in United Parcel Service were worth $8,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company's stock valued at $6,794,160,000 after buying an additional 1,218,432 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company's stock valued at $231,388,000 after buying an additional 1,119,372 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company's stock valued at $561,678,000 after buying an additional 993,461 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company's stock valued at $667,109,000 after buying an additional 761,217 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of United Parcel Service by 155.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,071,487 shares of the transportation company's stock valued at $106,281,000 after buying an additional 652,750 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on United Parcel Service from $96.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Wolfe Research reissued a "peer perform" rating on shares of United Parcel Service in a research report on Thursday, January 8th. UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday. Evercore decreased their target price on United Parcel Service from $115.00 to $113.00 and set an "in-line" rating for the company in a research report on Wednesday, April 22nd. Finally, Oppenheimer boosted their target price on United Parcel Service from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.08.

United Parcel Service Trading Up 2.2%

United Parcel Service stock opened at $108.93 on Friday. The business has a 50-day simple moving average of $103.46 and a two-hundred day simple moving average of $101.66. The company has a market cap of $92.49 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.70 and a beta of 1.12. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a quick ratio of 1.22, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. Analysts predict that United Parcel Service, Inc. will post 7.09 EPS for the current year.

United Parcel Service Company Profile

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.

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