Mather Group LLC. Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Mather Group LLC. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. 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 in the last quarter. Prime Capital Investment Advisors LLC boosted its position in United Parcel Service by 3.2% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,389 shares of the transportation company’s stock worth $3,206,000 after purchasing an additional 629 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings 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 purchasing an additional 1,065 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 buying an additional 14,084 shares in the last quarter. Finally, Pavion Blue Capital LLC lifted its position in shares of United Parcel Service by 2.4% during the 4th quarter. Pavion Blue Capital LLC now owns 22,459 shares of the transportation company’s stock valued at $3,531,000 after buying an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.2 %

Shares of UPS traded down $1.52 during midday trading on Tuesday, hitting $124.50. 5,549,945 shares of the stock were exchanged, 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 firm 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. United Parcel Service, Inc. has a 52-week low of $124.42 and a 52-week high of $184.33. The stock has a fifty day simple moving average of $136.03 and a 200 day simple moving average of $144.29.

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

Insider Buying and Selling at United Parcel Service

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UPS shares. Robert W. Baird cut their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, Evercore ISI lowered their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average 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.