First Quadrant L P CA Sells 1,304 Shares of United Parcel Service, Inc. (UPS)

First Quadrant L P CA decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,196 shares of the transportation company’s stock after selling 1,304 shares during the quarter. First Quadrant L P CA’s holdings in United Parcel Service were worth $2,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 18 shares during the last quarter. Conservest Capital Advisors Inc. increased its position in shares of United Parcel Service by 0.8% in the second quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 23 shares during the last quarter. Fort Pitt Capital Group LLC increased its position in shares of United Parcel Service by 1.0% in the first quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 24 shares during the last quarter. Finally, SNS Financial Group LLC increased its position in shares of United Parcel Service by 0.5% in the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after acquiring an additional 24 shares during the last quarter. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on UPS. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Sunday, October 1st. Stifel Nicolaus lifted their target price on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, BMO Capital Markets lifted their target price 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $121.45.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up $0.84 during midday trading on Wednesday, reaching $119.01. The company’s stock had a trading volume of 1,125,510 shares, compared to its average volume of 2,722,778. The firm has a market capitalization of $101,727.23, a P/E ratio of 19.74, a PEG ratio of 2.12 and a beta of 0.92. 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, Inc. has a 1 year low of $102.12 and a 1 year high of $125.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. equities analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 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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