Searle & CO. Acquires 221 Shares of United Parcel Service, Inc. (NYSE:UPS)

Searle & CO. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,271 shares of the transportation company’s stock after purchasing an additional 221 shares during the quarter. Searle & CO.’s holdings in United Parcel Service were worth $2,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Accurate Wealth Management LLC increased its stake in shares of United Parcel Service by 22.5% in the 3rd quarter. Accurate Wealth Management LLC now owns 3,441 shares of the transportation company’s stock valued at $541,000 after buying an additional 633 shares during the period. Vicus Capital raised its holdings in United Parcel Service by 134.8% during the 3rd quarter. Vicus Capital now owns 3,687 shares of the transportation company’s stock worth $575,000 after purchasing an additional 2,117 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in United Parcel Service by 2.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 120,947 shares of the transportation company’s stock valued at $18,852,000 after purchasing an additional 3,245 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $595,000. Finally, Dakota Wealth Management raised its stake in shares of United Parcel Service by 12.9% during the third quarter. Dakota Wealth Management now owns 8,814 shares of the transportation company’s stock worth $1,374,000 after buying an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.1 %

NYSE UPS traded down $1.56 during trading hours on Wednesday, hitting $145.92. 2,821,150 shares of the company traded hands, compared to its average volume of 4,269,183. The stock has a market capitalization of $124.42 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The business’s 50-day moving average is $149.54 and its 200-day moving average is $150.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

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, beating the consensus estimate 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 analysts’ expectations of $21.84 billion. During the same period last year, the business earned $2.20 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. 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 report on Thursday, March 28th. Morgan Stanley increased their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Finally, Raymond James decreased their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $165.23.

Insider Activity

In other news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

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.