Mather Group LLC. Sells 2,328 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mather Group LLC. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 27,597 shares of the transportation company’s stock after selling 2,328 shares during the quarter. Mather Group LLC.’s holdings in United Parcel Service were worth $4,102,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. SteelPeak Wealth LLC boosted its holdings in United Parcel Service by 20.6% during the fourth quarter. SteelPeak Wealth LLC now owns 2,581 shares of the transportation company’s stock worth $406,000 after buying an additional 440 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of United Parcel Service by 3.2% in the 4th 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% during the 4th quarter. Stratos Wealth Partners LTD. now owns 45,016 shares of the transportation company’s stock worth $7,078,000 after acquiring an additional 1,065 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased 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 purchasing an additional 14,084 shares in the last quarter. Finally, Pavion Blue Capital LLC raised its holdings 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 worth $3,531,000 after purchasing an additional 531 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.52 during midday trading on Tuesday, reaching $124.50. The company’s stock had a trading volume of 5,549,945 shares, compared to its average volume of 4,287,482. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. The company has a market cap of $106.52 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.77 and a beta of 0.98. The business’s 50 day moving average price is $136.03 and its two-hundred day moving average price is $144.29. United Parcel Service, Inc. has a fifty-two week low of $124.42 and a fifty-two week high of $184.33.

United Parcel Service (NYSE:UPS) last announced 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). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UPS. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Oppenheimer lowered their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. UBS Group cut their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus lowered their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens dropped their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.95.

United Parcel Service 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.