OmniStar Financial Group Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 30.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,593 shares of the transportation company’s stock after selling 6,928 shares during the quarter. United Parcel Service accounts for 1.5% of OmniStar Financial Group Inc.’s holdings, making the stock its 21st largest holding. OmniStar Financial Group Inc.’s holdings in United Parcel Service were worth $1,742,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Exeter Financial LLC lifted its holdings in shares of United Parcel Service by 11.0% in the 1st quarter. Exeter Financial LLC now owns 16,536 shares of the transportation company’s stock valued at $1,848,000 after purchasing an additional 1,644 shares during the last quarter. Country Club Trust Company n.a. increased its position in United Parcel Service by 21.8% during the 4th quarter. Country Club Trust Company n.a. now owns 62,023 shares of the transportation company’s stock worth $6,050,000 after purchasing an additional 11,106 shares during the period. Tredje AP fonden increased its position in United Parcel Service by 2.3% during the 4th quarter. Tredje AP fonden now owns 55,837 shares of the transportation company’s stock worth $5,446,000 after purchasing an additional 1,243 shares during the period. Conning Inc. increased its position in United Parcel Service by 5.1% during the 4th quarter. Conning Inc. now owns 392,009 shares of the transportation company’s stock worth $38,233,000 after purchasing an additional 18,898 shares during the period. Finally, Pinnacle Financial Partners Inc. increased its position in United Parcel Service by 3.7% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 42,697 shares of the transportation company’s stock worth $4,165,000 after purchasing an additional 1,504 shares during the period. 55.55% of the stock is owned by institutional investors and hedge funds.
NYSE UPS opened at $113.94 on Wednesday. The stock has a market capitalization of $97.76 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 6.56.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.03. United Parcel Service had a net margin of 6.67% and a return on equity of 254.74%. The company had revenue of $19.85 billion for the quarter, compared to analyst estimates of $19.92 billion. During the same period in the prior year, the business earned $1.67 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.54 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Standpoint Research assumed coverage on United Parcel Service in a report on Wednesday, December 26th. They set a “buy” rating and a $89.89 target price on the stock. Berenberg Bank raised United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $130.00 in a research report on Monday, April 1st. Barclays reaffirmed a “hold” rating and issued a $112.00 target price on shares of United Parcel Service in a research report on Tuesday, January 29th. Credit Suisse Group cut their price objective on United Parcel Service from $118.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 15th. Finally, Bank of America reissued a “neutral” rating and issued a $112.00 price objective (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $123.70.
In related news, SVP Teri P. Mcclure sold 5,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard N. Peretz sold 9,112 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total transaction of $1,013,072.16. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
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About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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