Rafferty Asset Management LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 33.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,042 shares of the transportation company’s stock after selling 1,031 shares during the period. Rafferty Asset Management LLC’s holdings in United Parcel Service were worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FIL Ltd grew its holdings in United Parcel Service by 0.4% during the 3rd quarter. FIL Ltd now owns 1,131,283 shares of the transportation company’s stock worth $132,077,000 after acquiring an additional 4,554 shares in the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of United Parcel Service by 8.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 61,152 shares of the transportation company’s stock valued at $7,140,000 after buying an additional 4,990 shares in the last quarter. American International Group Inc. boosted its holdings in shares of United Parcel Service by 2.8% in the 3rd quarter. American International Group Inc. now owns 309,701 shares of the transportation company’s stock valued at $36,158,000 after buying an additional 8,345 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of United Parcel Service by 0.3% in the 3rd quarter. BlackRock Inc. now owns 42,454,730 shares of the transportation company’s stock valued at $4,956,590,000 after buying an additional 139,134 shares in the last quarter. Finally, Barrett Asset Management LLC boosted its holdings in shares of United Parcel Service by 1.4% in the 3rd quarter. Barrett Asset Management LLC now owns 113,926 shares of the transportation company’s stock valued at $13,301,000 after buying an additional 1,590 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

A number of research firms have recently weighed in on UPS. Morgan Stanley raised their price target on shares of United Parcel Service from $92.00 to $93.00 and gave the company a “sell” rating in a report on Tuesday, October 9th. Loop Capital raised their price target on shares of United Parcel Service to $145.00 and gave the company a “positive” rating in a report on Friday, September 14th. KeyCorp began coverage on shares of United Parcel Service in a report on Thursday, September 27th. They issued a “sector weight” rating on the stock. They noted that the move was a valuation call. Goldman Sachs Group set a $150.00 price target on shares of United Parcel Service and gave the company a “buy” rating in a report on Monday, September 10th. Finally, Berenberg Bank restated a “neutral” rating and issued a $125.00 price target on shares of United Parcel Service in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $125.33.

Shares of United Parcel Service stock opened at $106.77 on Thursday. The company has a market capitalization of $91.74 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.60 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43. United Parcel Service, Inc. has a 52 week low of $101.45 and a 52 week high of $135.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. United Parcel Service’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. Analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Monday, November 19th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, November 16th. United Parcel Service’s payout ratio is currently 60.57%.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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