IMS Capital Management Sells 426 Shares of United Parcel Service, Inc. (NYSE:UPS)

IMS Capital Management lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.8% during the 1st quarter, Holdings Channel reports. The fund owned 2,446 shares of the transportation company’s stock after selling 426 shares during the period. IMS Capital Management’s holdings in United Parcel Service were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. Norges Bank acquired a new stake in shares of United Parcel Service in the 4th quarter worth $1,128,322,000. First Trust Advisors LP boosted its position in shares of United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after purchasing an additional 1,160,005 shares in the last quarter. Finally, Spirepoint Private Client LLC acquired a new stake in shares of United Parcel Service in the 1st quarter worth $160,787,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $2.52 during trading on Friday, reaching $128.06. 5,098,995 shares of the company’s stock traded hands, compared to its average volume of 5,758,688. United Parcel Service, Inc. has a fifty-two week low of $124.80 and a fifty-two week high of $184.56. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $109.56 billion, a PE ratio of 18.56, a P/E/G ratio of 1.80 and a beta of 0.98. The company has a 50-day simple moving average of $136.28 and a 200-day simple moving average of $144.58.

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

Insider Activity

In other news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI reduced 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. Robert W. Baird reduced their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. UBS Group reduced 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. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $154.95.

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.