Intrust Bank NA Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

Intrust Bank NA grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,127 shares of the transportation company’s stock after acquiring an additional 543 shares during the period. Intrust Bank NA’s holdings in United Parcel Service were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Greatmark Investment Partners Inc. raised its holdings in United Parcel Service by 1.8% in the fourth quarter. Greatmark Investment Partners Inc. now owns 91,114 shares of the transportation company’s stock worth $14,326,000 after purchasing an additional 1,611 shares in the last quarter. Bluesphere Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at about $217,000. Choreo LLC raised its stake in shares of United Parcel Service by 1.0% in the fourth quarter. Choreo LLC now owns 137,758 shares of the transportation company’s stock worth $21,660,000 after purchasing an additional 1,321 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of United Parcel Service by 0.7% during the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after purchasing an additional 540 shares during the period. Finally, Capital Investment Counsel Inc boosted its position in United Parcel Service by 2.9% in the fourth quarter. Capital Investment Counsel Inc now owns 28,089 shares of the transportation company’s stock valued at $4,416,000 after buying an additional 785 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.9 %

UPS traded down $1.34 during trading hours on Tuesday, hitting $147.21. 247,169 shares of the company’s stock were exchanged, compared to its average volume of 4,258,912. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98. The firm has a market cap of $125.52 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The firm has a 50 day moving average of $149.56 and a 200 day moving average of $150.85.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. Barclays cut their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Finally, Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and upped their target price for the company from $165.00 to $170.00 in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $165.23.

About United Parcel Service

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.