Econ Financial Services Corp Purchases Shares of 16,528 United Parcel Service, Inc. (NYSE:UPS)

Econ Financial Services Corp acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 16,528 shares of the transportation company’s stock, valued at approximately $2,084,000. United Parcel Service accounts for about 1.2% of Econ Financial Services Corp’s holdings, making the stock its 27th largest position.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in United Parcel Service by 21.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 612,094 shares of the transportation company’s stock worth $77,172,000 after purchasing an additional 109,459 shares during the last quarter. Virginia Wealth Management Group Inc. raised its stake in United Parcel Service by 6.3% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 20,737 shares of the transportation company’s stock worth $2,615,000 after purchasing an additional 1,235 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in United Parcel Service by 38.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,259 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 352 shares during the period. Weaver Capital Management LLC grew its position in shares of United Parcel Service by 26.2% during the 4th quarter. Weaver Capital Management LLC now owns 6,071 shares of the transportation company’s stock worth $766,000 after purchasing an additional 1,261 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of United Parcel Service by 2.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 66,445 shares of the transportation company’s stock valued at $8,379,000 after buying an additional 1,832 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UPS has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Loop Capital cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday. Wells Fargo & Company reduced their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Price Performance

Shares of UPS opened at $111.75 on Wednesday. The business has a 50-day moving average of $127.32 and a 200-day moving average of $129.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market capitalization of $95.37 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the business posted $2.47 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

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.