Baldwin Brothers Inc. MA Sells 5,075 Shares of United Parcel Service, Inc. (NYSE:UPS)

Baldwin Brothers Inc. MA cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 50.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,893 shares of the transportation company’s stock after selling 5,075 shares during the period. Baldwin Brothers Inc. MA’s holdings in United Parcel Service were worth $586,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. We Are One Seven LLC grew its holdings in shares of United Parcel Service by 25.5% in the third quarter. We Are One Seven LLC now owns 4,678 shares of the transportation company’s stock valued at $561,000 after acquiring an additional 950 shares in the last quarter. Artemis Investment Management LLP bought a new position in United Parcel Service during the third quarter valued at $5,503,000. Legacy Advisors LLC grew its holdings in United Parcel Service by 4.5% during the third quarter. Legacy Advisors LLC now owns 9,050 shares of the transportation company’s stock valued at $1,084,000 after purchasing an additional 389 shares during the period. Bogart Wealth LLC grew its holdings in United Parcel Service by 3.6% during the third quarter. Bogart Wealth LLC now owns 5,866 shares of the transportation company’s stock valued at $703,000 after purchasing an additional 203 shares during the period. Finally, Butensky & Cohen Financial Security Inc. grew its holdings in United Parcel Service by 4.9% during the third quarter. Butensky & Cohen Financial Security Inc. now owns 23,686 shares of the transportation company’s stock valued at $2,838,000 after purchasing an additional 1,103 shares during the period. 55.27% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Loop Capital set a $140.00 price objective on United Parcel Service and gave the company a “buy” rating in a report on Monday, September 23rd. UBS Group increased their price objective on United Parcel Service to $128.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Credit Suisse Group set a $119.00 price objective on United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, July 31st. Goldman Sachs Group assumed coverage on United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective for the company. Finally, Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $120.46.

Shares of NYSE:UPS traded up $1.42 during trading on Thursday, hitting $115.28. 188,095 shares of the company were exchanged, compared to its average volume of 3,082,215. The company has a market cap of $97.77 billion, a PE ratio of 15.92, a P/E/G ratio of 1.76 and a beta of 1.24. The stock has a 50 day moving average of $118.20 and a 200 day moving average of $109.44. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $123.63. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. The firm had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

United Parcel Service Profile

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.

Further Reading: Stock Portfolio Tracker

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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