Tredje AP fonden cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 36.7% in the 3rd quarter, Holdings Channel reports. The firm owned 55,266 shares of the transportation company’s stock after selling 32,044 shares during the period. Tredje AP fonden’s holdings in United Parcel Service were worth $6,637,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State of Wisconsin Investment Board lifted its stake in United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after purchasing an additional 239,350 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after acquiring an additional 4,541 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after acquiring an additional 5,325 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of United Parcel Service during the third quarter valued at approximately $8,978,000. Finally, Dividend Assets Capital LLC acquired a new stake in shares of United Parcel Service during the second quarter valued at approximately $575,000. 53.49% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 price target on the stock. Cowen restated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target on the stock in a report on Tuesday, December 26th. Finally, Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $123.09.

United Parcel Service, Inc. (UPS) opened at $134.09 on Friday. The firm has a market cap of $115,550.00, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $134.33.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. equities research analysts expect that United Parcel Service, Inc. will post 6 earnings per share for the current year.

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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.

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

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