Nuance Investments LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,328 shares of the transportation company’s stock after selling 9,079 shares during the period. United Parcel Service accounts for about 1.6% of Nuance Investments LLC’s holdings, making the stock its 24th biggest holding. Nuance Investments LLC’s holdings in United Parcel Service were worth $22,736,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UPS. First PREMIER Bank lifted its stake in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in United Parcel Service in the third quarter worth approximately $120,000. Parkside Financial Bank & Trust lifted its stake in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after acquiring an additional 153 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its position in shares of United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the last quarter. Finally, Security National Trust Co. lifted its position in shares of United Parcel Service by 3.9% during the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 53.50% of the company’s stock.
United Parcel Service, Inc. (NYSE UPS) opened at $132.88 on Wednesday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $115,549.37, a price-to-earnings ratio of 32.57, a price-to-earnings-growth 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 $134.71.
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, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the company posted $1.44 EPS. United Parcel Service’s revenue was up 7.0% compared to the same quarter last year. equities research analysts anticipate that United Parcel Service, Inc. will post 6 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. Robert W. Baird restated a “hold” rating and set a $130.00 price objective on shares of United Parcel Service in a research report on Tuesday, January 9th. Credit Suisse Group restated a “hold” rating and set a $116.00 price objective (up previously 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 restated a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a research report on Monday, November 6th. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.09.
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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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