Forsta AP Fonden reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 75.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,078 shares of the transportation company’s stock after selling 186,159 shares during the quarter. Forsta AP Fonden’s holdings in United Parcel Service were worth $7,215,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UPS. First PREMIER Bank lifted its holdings in shares of United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of United Parcel Service by 14.1% in 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 last quarter. Winslow Evans & Crocker Inc. lifted its holdings in shares of 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 worth $137,000 after acquiring an additional 899 shares during the last quarter. Security National Trust Co. lifted its holdings in shares of United Parcel Service by 3.9% in 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 last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 53.49% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $118.33 on Thursday. The stock has a market cap of $101,970.00, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $125.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last released its 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. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. 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 prior year, the business earned $1.44 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts predict that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.57%.

Several equities analysts have recently commented on the stock. Credit Suisse Group restated a “hold” rating and issued 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 restated a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. BMO Capital Markets upped 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 target price 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 target price 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 investment analyst has rated the stock with a sell rating, twelve have issued 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 a consensus target price of $121.45.

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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.

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

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