United Parcel Service, Inc. (UPS) Position Reduced by South Dakota Investment Council
South Dakota Investment Council lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 18.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,820 shares of the transportation company’s stock after selling 23,360 shares during the quarter. South Dakota Investment Council’s holdings in United Parcel Service were worth $12,588,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC bought a new stake in shares of United Parcel Service in the first quarter worth about $298,000. National Asset Management Inc. increased its holdings in shares of United Parcel Service by 21.3% in the first quarter. National Asset Management Inc. now owns 3,296 shares of the transportation company’s stock worth $354,000 after acquiring an additional 579 shares in the last quarter. PVG Asset Management Corp bought a new stake in shares of United Parcel Service in the first quarter worth about $4,267,000. Flagship Harbor Advisors LLC bought a new stake in shares of United Parcel Service in the first quarter worth about $206,000. Finally, First Financial Equity Corporation bought a new stake in shares of United Parcel Service in the first quarter worth about $247,000. Institutional investors and hedge funds own 53.49% of the company’s stock.
United Parcel Service, Inc. (NYSE:UPS) opened at $127.62 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $109,637.91, a PE ratio of 31.28, a PEG ratio of 2.13 and a beta of 0.92. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week 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 earnings per share for the quarter, hitting the consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. United Parcel Service’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 6 EPS for the current fiscal year.
UPS has been the subject of several recent analyst reports. Oppenheimer restated a “buy” rating and issued a $123.00 price target (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Cowen restated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a report on Sunday, October 1st. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Bank of America restated a “neutral” rating and issued a $124.00 price target (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.39.
About United Parcel Service
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.
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with Analyst Ratings Network's FREE daily email newsletter.