United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 26.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,434 shares of the transportation company’s stock after selling 16,707 shares during the period. Concurrent Investment Advisors LLC’s holdings in United Parcel Service were worth $6,331,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Radnor Capital Management LLC purchased a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $2,507,000. Catalina Capital Group LLC increased its holdings in United Parcel Service by 28.8% in the 3rd quarter. Catalina Capital Group LLC now owns 2,296 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 513 shares during the last quarter. Beacon Financial Advisory LLC raised its position in United Parcel Service by 37.9% in the third quarter. Beacon Financial Advisory LLC now owns 14,408 shares of the transportation company’s stock valued at $1,964,000 after purchasing an additional 3,960 shares during the period. Balentine LLC acquired a new position in United Parcel Service during the third quarter worth $337,000. Finally, Capital Management Corp VA boosted its position in shares of United Parcel Service by 19.4% during the third quarter. Capital Management Corp VA now owns 41,393 shares of the transportation company’s stock worth $5,644,000 after buying an additional 6,716 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.5 %

Shares of UPS stock traded down $0.72 on Wednesday, reaching $133.12. 957,276 shares of the stock were exchanged, compared to its average volume of 4,163,584. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $114.03 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The firm has a 50 day moving average of $131.70 and a two-hundred day moving average of $135.40. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup started coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. BMO Capital Markets lowered their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Finally, TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.71.

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.