Sit Investment Associates Inc. lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,220 shares of the transportation company’s stock after selling 9,165 shares during the period. Sit Investment Associates Inc.’s holdings in United Parcel Service were worth $3,269,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares during the period. Lazard Asset Management LLC raised its stake in United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after buying an additional 4,340,971 shares during the period. Janus Henderson Group PLC raised its stake in United Parcel Service by 775.8% in the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock valued at $305,978,000 after buying an additional 2,450,868 shares during the period. Federated Investors Inc. PA raised its stake in United Parcel Service by 2,005.9% in the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after buying an additional 1,446,749 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in United Parcel Service by 119.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after buying an additional 1,419,245 shares during the period. Institutional investors and hedge funds own 53.67% of the company’s stock.

Several analysts have issued reports on the company. UBS upped their price objective on United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $135.00 in a research note on Monday. Robert W. Baird restated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen upped their target price on United Parcel Service from $115.00 to $124.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Finally, Stifel Nicolaus upped their target price on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $121.45.

United Parcel Service, Inc. (NYSE UPS) traded down $3.35 during trading on Wednesday, hitting $120.37. The stock had a trading volume of 3,690,900 shares, compared to its average volume of 2,717,011. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $106,613.23, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio is currently 81.37%.

TRADEMARK VIOLATION WARNING: “Sit Investment Associates Inc. Has $3.27 Million Position in United Parcel Service, Inc. (UPS)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/sit-investment-associates-inc-has-3-27-million-position-in-united-parcel-service-inc-ups/1747898.html.

United Parcel Service 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.

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

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.