Benjamin F. Edwards & Company Inc. Decreases Position in United Parcel Service, Inc. (UPS)

Benjamin F. Edwards & Company Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,076 shares of the transportation company’s stock after selling 1,530 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in United Parcel Service were worth $2,051,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after purchasing an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after buying an additional 4,340,971 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of United Parcel Service by 775.8% in the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock valued at $305,978,000 after buying an additional 2,450,868 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of United Parcel Service by 2,005.9% in the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after buying an additional 1,446,749 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of United Parcel Service by 119.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after buying an additional 1,419,245 shares during the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

A number of analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a research report on Monday, November 6th. BMO Capital Markets raised their price objective on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. J P Morgan Chase & Co raised their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Loop Capital raised their price objective on United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average price target of $121.45.

United Parcel Service, Inc. (NYSE:UPS) traded down $0.17 during trading hours on Monday, reaching $119.56. The company had a trading volume of 3,030,400 shares, compared to its average volume of 2,723,366. The firm has a market cap of $102,981.04, a PE ratio of 19.98, a P/E/G ratio of 2.15 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $125.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The business 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%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. equities research analysts predict that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a dividend of $0.83 per share. The ex-dividend date was Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.78%. United Parcel Service’s payout ratio is currently 81.37%.

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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.

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

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