United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,505 shares of the transportation company's stock after selling 13,667 shares during the period. Alpha Cubed Investments LLC's holdings in United Parcel Service were worth $16,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of UPS. OFI Invest Asset Management acquired a new stake in United Parcel Service in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $28,000. Bourgeon Capital Management LLC acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $31,000. Finally, VisionPoint Advisory Group LLC lifted its stake in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company's stock valued at $37,000 after acquiring an additional 98 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.08 during trading hours on Tuesday, reaching $147.47. 2,402,026 shares of the company's stock were exchanged, compared to its average volume of 4,286,620. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a market capitalization of $125.74 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The business has a fifty day moving average of $149.56 and a two-hundred day moving average of $150.85. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. Evercore ISI restated an "in-line" rating and set a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Barclays decreased their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Finally, Redburn Atlantic raised shares of United Parcel Service from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $165.23.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

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.

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