Nationwide Fund Advisors trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283,778 shares of the transportation company’s stock after selling 4,304 shares during the period. Nationwide Fund Advisors’ holdings in United Parcel Service were worth $34,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First PREMIER Bank lifted its holdings in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in United Parcel Service in the 1st quarter valued at about $126,000. Winslow Evans & Crocker Inc. lifted its holdings in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after acquiring an additional 153 shares during the period. Finally, Security National Trust Co. lifted its holdings in shares of United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after acquiring an additional 48 shares during the period. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE UPS) traded down $0.17 during midday trading on Monday, reaching $119.56. 3,030,400 shares of the company traded hands, compared to its average volume of 2,723,366. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $125.16. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $102,981.04, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the firm posted $1.44 earnings per share. United Parcel Service’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.78%. United Parcel Service’s payout ratio is 81.37%.

Several brokerages have recently weighed in on UPS. Credit Suisse Group reiterated a “hold” rating and set a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. BMO Capital Markets increased their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. J P Morgan Chase & Co increased their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Loop Capital increased their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $121.45.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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