Mascoma Wealth Management LLC Has $1.17 Million Position in United Parcel Service, Inc. (UPS)

Mascoma Wealth Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 33.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,474 shares of the transportation company’s stock after purchasing an additional 2,603 shares during the period. United Parcel Service accounts for 0.8% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Mascoma Wealth Management LLC’s holdings in United Parcel Service were worth $1,170,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UPS. Monte Financial Group LLC raised its position in shares of United Parcel Service by 3.1% during the 1st quarter. Monte Financial Group LLC now owns 27,044 shares of the transportation company’s stock valued at $3,022,000 after buying an additional 804 shares in the last quarter. Investors Research Corp purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $180,000. Bartlett & Co. LLC raised its position in shares of United Parcel Service by 13.9% during the 1st quarter. Bartlett & Co. LLC now owns 42,278 shares of the transportation company’s stock valued at $4,724,000 after buying an additional 5,160 shares in the last quarter. Conning Inc. raised its position in shares of United Parcel Service by 2.2% during the 1st quarter. Conning Inc. now owns 400,595 shares of the transportation company’s stock valued at $44,762,000 after buying an additional 8,586 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in shares of United Parcel Service by 11.8% during the 1st quarter. Miller Howard Investments Inc. NY now owns 46,855 shares of the transportation company’s stock valued at $5,236,000 after buying an additional 4,929 shares in the last quarter. 55.56% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on UPS. Raymond James lowered their price objective on shares of United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday. Cowen restated a “market perform” rating and set a $116.00 price objective (down previously from $118.00) on shares of United Parcel Service in a research report on Friday. Berenberg Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $125.00 to $130.00 in a research report on Monday, April 1st. Credit Suisse Group restated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 6th. Finally, Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $122.41.

In related news, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard N. Peretz sold 9,112 shares of United Parcel Service stock in a transaction on Wednesday, February 13th. The stock was 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. 0.17% of the stock is owned by company insiders.

Shares of NYSE:UPS opened at $103.95 on Friday. The firm has a market capitalization of $89.42 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.15 and a current ratio of 1.13.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. United Parcel Service’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

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United Parcel Service Company 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.

See Also: Net Income

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

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