Silver Oak Securities Incorporated Invests $541,000 in United Parcel Service, Inc. (NYSE:UPS)

Silver Oak Securities Incorporated purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,441 shares of the transportation company’s stock, valued at approximately $541,000.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,631.2% during the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP raised its position in shares of United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Northern Trust Corp raised its position in shares of United Parcel Service by 0.4% during the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of United Parcel Service by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,456,594 shares of the transportation company’s stock worth $1,006,389,000 after purchasing an additional 142,546 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

Shares of NYSE UPS opened at $148.56 on Tuesday. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98. The company has a market cap of $126.67 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average price of $149.56 and a 200 day moving average price of $150.85.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the firm earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Barclays cut their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $165.23.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Company 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.