Cetera Investment Advisers Acquires 16,076 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cetera Investment Advisers boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,681 shares of the transportation company’s stock after buying an additional 16,076 shares during the quarter. Cetera Investment Advisers’ holdings in United Parcel Service were worth $35,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its holdings in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Finally, FMR LLC raised its position in shares of United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company restated an “equal weight” rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Finally, Evercore ISI boosted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Price Performance

UPS opened at $94.01 on Thursday. The firm has a market capitalization of $80.30 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The business’s 50-day moving average is $105.14 and its two-hundred day moving average is $119.41. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 EPS. United Parcel Service’s revenue was down .9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

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.