United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 76.6% in the 4th quarter, Holdings Channel reports. The fund owned 24,062 shares of the transportation company’s stock after purchasing an additional 10,438 shares during the period. United Parcel Service makes up about 1.0% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 29th biggest position. Global Wealth Management Investment Advisory Inc.’s holdings in United Parcel Service were worth $3,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN raised its stake in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after buying an additional 65 shares in the last quarter. Gleason Group Inc. lifted its holdings in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the period. Advisors Capital Management LLC boosted its position in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC increased its stake in United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service 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 purchase, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.9 %

NYSE UPS traded down $1.26 on Wednesday, reaching $146.22. The company had a trading volume of 955,525 shares, compared to its average volume of 4,246,049. 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, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The stock has a market cap of $124.67 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.70 and a beta of 1.05. The stock’s 50 day moving average is $149.54 and its 200-day moving average is $150.80.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating 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 analysts’ expectations of $21.84 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Stifel Nicolaus cut their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Raymond James reduced their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $165.23.

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.