Bailard Inc. Sells 5,771 Shares of United Parcel Service, Inc. (UPS)

Bailard Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.6% in the 4th quarter, Holdings Channel reports. The firm owned 48,842 shares of the transportation company’s stock after selling 5,771 shares during the quarter. Bailard Inc.’s holdings in United Parcel Service were worth $5,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of UPS. Janus Henderson Group PLC increased its holdings in 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 in the last quarter. Lazard Asset Management LLC increased its holdings in United Parcel Service by 48.1% in the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after buying an additional 2,087,477 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in 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 in the last quarter. Vanguard Group Inc. increased its holdings in United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after buying an additional 1,262,293 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in United Parcel Service by 10.6% in the second quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock valued at $623,198,000 after buying an additional 539,620 shares in the last quarter. 53.33% of the stock is owned by hedge funds and other institutional investors.

UPS has been the topic of several research analyst reports. Oppenheimer reiterated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a research report on Monday, November 6th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Deutsche Bank upgraded shares of 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. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Finally, Knight Equity reiterated a “buy” rating and issued a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.83.

United Parcel Service, Inc. (NYSE UPS) opened at $105.61 on Friday. The firm has a market cap of $91,010.00, a PE ratio of 19.89, a P/E/G ratio of 1.57 and a beta of 0.91. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. The firm had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. United Parcel Service’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 3.45%. United Parcel Service’s payout ratio is presently 68.55%.

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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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