Strategic Investment Advisors MI Reduces Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Strategic Investment Advisors MI lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 51.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,725 shares of the transportation company’s stock after selling 1,856 shares during the quarter. Strategic Investment Advisors MI’s holdings in United Parcel Service were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of UPS. Cordasco Financial Network grew its position in United Parcel Service by 82.4% during the third quarter. Cordasco Financial Network now owns 155 shares of the transportation company’s stock valued at $26,000 after buying an additional 70 shares during the period. West Oak Capital LLC raised its stake in United Parcel Service by 49.3% during the 3rd quarter. West Oak Capital LLC now owns 227 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 75 shares during the period. Ellevest Inc. raised its stake in United Parcel Service by 69.5% during the 2nd quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. M&R Capital Management Inc. lifted its holdings in United Parcel Service by 104.8% in the 2nd quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, Arlington Partners LLC bought a new position in United Parcel Service in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 55.67% of the company’s stock.

Several equities analysts have recently commented on the stock. Barclays raised shares of United Parcel Service from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $135.00 to $160.00 in a report on Friday. Bank of America boosted their price target on shares of United Parcel Service from $176.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. ValuEngine raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. Cowen lifted their target price on United Parcel Service from $101.00 to $114.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on United Parcel Service from $119.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $144.14.

In related news, Director David P. Abney sold 62,700 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $160.56, for a total transaction of $10,067,112.00. Also, insider Kathleen M. Gutmann sold 7,766 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $156.77, for a total value of $1,217,475.82. Insiders have sold 80,291 shares of company stock valued at $12,848,237 in the last 90 days. Company insiders own 0.57% of the company’s stock.

UPS stock opened at $174.44 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $177.15. The stock has a market capitalization of $150.61 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.30. The firm’s fifty day simple moving average is $164.79 and its two-hundred day simple moving average is $126.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.06. The firm had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $17.42 billion. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 6.91 EPS for the current year.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading: How to Use a Moving Average for TradingĀ 

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.