Cowen Prime Services LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,490 shares of the transportation company’s stock after selling 1,850 shares during the period. United Parcel Service comprises 1.1% of Cowen Prime Services LLC’s holdings, making the stock its 29th biggest holding. Cowen Prime Services LLC’s holdings in United Parcel Service were worth $2,341,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UPS. State of Wisconsin Investment Board boosted its stake in shares of 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 in the last quarter. Brookstone Capital Management boosted its stake 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 purchasing an additional 4,541 shares in the last quarter. Wesbanco Bank Inc. boosted its stake 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 purchasing an additional 5,325 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of United Parcel Service during the third quarter valued at about $8,978,000. Finally, Dividend Assets Capital LLC acquired a new stake in shares of United Parcel Service during the second quarter valued at about $575,000. Hedge funds and other institutional investors own 53.49% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at $127.62 on Friday. 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 company has a market capitalization of $109,970.00, a P/E ratio of 31.36, a P/E/G ratio of 2.12 and a beta of 0.92. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $128.95.

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

A number of analysts have recently commented on UPS shares. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Loop Capital lifted their price target on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, October 6th. Credit Suisse Group reissued a “hold” rating and set a $116.00 price target (up from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $125.00 to $135.00 in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $121.39.

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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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