CarsonAllaria Wealth Management Ltd. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 44.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,558 shares of the transportation company’s stock after buying an additional 481 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in United Parcel Service were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cigna Investments Inc. New raised its stake in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 75 shares during the period. Pacific Sage Partners LLC raised its position in shares of United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. boosted its holdings in United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the period. Gleason Group Inc. increased its stake in United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after buying an additional 80 shares in the last quarter. Finally, Tradewinds LLC. raised its holdings in United Parcel Service by 1.8% during the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after acquiring an additional 81 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.4 %

Shares of NYSE UPS opened at $111.75 on Wednesday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The firm has a 50-day simple moving average of $127.78 and a two-hundred day simple moving average of $129.93. The company has a market cap of $95.37 billion, a P/E ratio of 16.53, a PEG ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the company posted $2.47 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. Evercore ISI lifted their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Barclays reaffirmed an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. UBS Group dropped their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

Insider Activity

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.