Sarasin & Partners LLP Has $43.15 Million Position in United Parcel Service, Inc. (UPS)

Sarasin & Partners LLP reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 27.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,335 shares of the transportation company’s stock after selling 134,512 shares during the period. Sarasin & Partners LLP’s holdings in United Parcel Service were worth $43,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Parcel Service in the third quarter worth $120,000. Winslow Evans & Crocker Inc. raised its holdings in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares during the period. Security National Trust Co. raised its holdings in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in 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 worth $163,000 after purchasing an additional 5 shares during the period. Finally, Webster Bank N. A. raised its holdings in United Parcel Service by 127.8% in the second quarter. Webster Bank N. A. now owns 1,581 shares of the transportation company’s stock worth $175,000 after purchasing an additional 887 shares during the period. Institutional investors and hedge funds own 53.49% of the company’s stock.

UPS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday, October 6th. Oppenheimer reissued a “buy” rating and set a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Goldman Sachs Group began coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective for the company. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Knight Equity reissued a “buy” rating and set a $135.00 price objective (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $123.09.

United Parcel Service, Inc. (NYSE:UPS) opened at $134.09 on Friday. The firm has a market cap of $115,550.00, a price-to-earnings ratio of 32.95, a P/E/G ratio of 2.12 and a beta of 0.92. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $134.33. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts forecast that United Parcel Service, Inc. will post 6 EPS for the current year.

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United Parcel Service Company 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.

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

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