United Parcel Service, Inc. $UPS Shares Sold by Capital Management Corp VA

Key Points

• Capital Management Corp VA cut its UPS stake by 13.6% in Q4, selling 11,618 shares and leaving it with 73,543 shares valued at $7.295 million; overall institutional investors own about 60.26% of UPS stock.
• Analysts show mixed views: several firms raised price targets (Wells Fargo to $110, Stephens to $115, TD Cowen to $115, Jefferies to $130) while BNP Paribas downgraded to underperform with an $85 target; the consensus rating is "Hold" with a $112.08 target.
• UPS beat estimates for the latest quarter with $1.07 EPS (vs. $1.02 est.) and $21.20 billion in revenue, although revenue was down 1.4% year-over-year; sell-side forecasts project about 7.1 EPS for the fiscal year.

Capital Management Corp VA decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,543 shares of the transportation company's stock after selling 11,618 shares during the quarter. Capital Management Corp VA's holdings in United Parcel Service were worth $7,295,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Aurora Private Wealth Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at $343,000. Strs Ohio boosted its holdings in shares of United Parcel Service by 7.5% during the fourth quarter. Strs Ohio now owns 529,126 shares of the transportation company's stock valued at $52,484,000 after acquiring an additional 37,101 shares during the period. LMG Wealth Partners LLC boosted its holdings in shares of United Parcel Service by 37.3% during the fourth quarter. LMG Wealth Partners LLC now owns 4,799 shares of the transportation company's stock valued at $476,000 after acquiring an additional 1,303 shares during the period. Forza Wealth Management LLC boosted its holdings in shares of United Parcel Service by 8.0% during the fourth quarter. Forza Wealth Management LLC now owns 6,572 shares of the transportation company's stock valued at $652,000 after acquiring an additional 486 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of United Parcel Service by 717.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 458 shares of the transportation company's stock valued at $48,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, January 28th. Stephens boosted their price target on shares of United Parcel Service from $113.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, January 28th. TD Cowen boosted their price target on shares of United Parcel Service from $101.00 to $115.00 and gave the company a "hold" rating in a report on Wednesday, January 28th. BNP Paribas Exane downgraded shares of United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 price target for the company. in a report on Tuesday, January 13th. Finally, Jefferies Financial Group upped their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a "buy" rating in a 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $112.08.

United Parcel Service Stock Performance

UPS stock opened at $107.60 on Friday. The company has a market capitalization of $91.36 billion, a P/E ratio of 17.41, a PEG ratio of 1.71 and a beta of 1.06. The company has a 50-day simple moving average of $103.46 and a 200 day simple moving average of $101.79. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two 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 posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate 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 net margin of 5.94% and a return on equity of 35.95%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal 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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