Northeast Investment Management Sells 9,182 Shares of United Parcel Service, Inc. (UPS)

Northeast Investment Management lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,988 shares of the transportation company’s stock after selling 9,182 shares during the quarter. Northeast Investment Management’s holdings in United Parcel Service were worth $10,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service in the third quarter valued at about $120,000. Winslow Evans & Crocker Inc. raised its stake 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 valued at $137,000 after buying an additional 899 shares during the last quarter. Security National Trust Co. raised its stake 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 valued at $143,000 after buying an additional 48 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake 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 valued at $163,000 after buying an additional 5 shares during the last quarter. Finally, Webster Bank N. A. raised its stake 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 valued at $175,000 after buying an additional 887 shares during the last quarter. 53.49% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (NYSE UPS) opened at $134.09 on Monday. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $134.33. The stock has a market capitalization of $115,550.00, a PE ratio of 32.95, a PEG ratio of 2.18 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.45. The firm 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 company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 6 EPS for the current year.

A number of equities research analysts have commented on UPS shares. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Friday, October 6th. Goldman Sachs Group started coverage on United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price target for the company. Cowen reiterated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Finally, JPMorgan Chase & Co. increased their price target on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $123.09.

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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.

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

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