United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Trimmed by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 10.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,897 shares of the transportation company’s stock after selling 350 shares during the period. Douglas Lane & Associates LLC’s holdings in United Parcel Service were worth $396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC boosted its stake in United Parcel Service by 20.6% in the fourth quarter. SteelPeak Wealth LLC now owns 2,581 shares of the transportation company’s stock valued at $406,000 after acquiring an additional 440 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in United Parcel Service by 3.2% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,389 shares of the transportation company’s stock valued at $3,206,000 after acquiring an additional 629 shares during the period. Stratos Wealth Partners LTD. boosted its stake in United Parcel Service by 2.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 45,016 shares of the transportation company’s stock valued at $7,078,000 after acquiring an additional 1,065 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in United Parcel Service by 6.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,808 shares of the transportation company’s stock valued at $38,177,000 after acquiring an additional 14,084 shares during the period. Finally, Pavion Blue Capital LLC boosted its stake in United Parcel Service by 2.4% in the fourth quarter. Pavion Blue Capital LLC now owns 22,459 shares of the transportation company’s stock valued at $3,531,000 after acquiring an additional 531 shares during the period. 60.26% of the stock is owned by institutional investors.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS traded down $1.52 during trading hours on Tuesday, hitting $124.50. 5,549,945 shares of the company were exchanged, compared to its average volume of 4,287,482. The company has a market capitalization of $106.52 billion, a PE ratio of 18.27, a PEG ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04. The firm has a fifty day simple moving average of $136.03 and a 200-day simple moving average of $144.29. United Parcel Service, Inc. has a one year low of $124.42 and a one year high of $184.33.

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

Analyst Ratings Changes

A number of equities analysts have commented on UPS shares. Evercore ISI decreased 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. Barclays decreased their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. UBS Group decreased their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Wells Fargo & Company decreased their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.95.

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.