United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Spinnaker Trust

Spinnaker Trust lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,452 shares of the transportation company’s stock after selling 371 shares during the period. Spinnaker Trust’s holdings in United Parcel Service were worth $2,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at approximately $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on UPS shares. The Goldman Sachs Group reduced their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI increased their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Susquehanna upped their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Trading Down 1.0 %

United Parcel Service stock traded down $1.38 during midday trading on Wednesday, reaching $132.46. The stock had a trading volume of 1,495,138 shares, compared to its average volume of 4,166,086. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a market capitalization of $113.46 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The stock’s 50-day simple moving average is $131.70 and its 200 day simple moving average is $135.40.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.47 EPS for the current year.

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.