United Parcel Service, Inc. (UPS) Holdings Cut by Dowling & Yahnke LLC

Dowling & Yahnke LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 44,355 shares of the transportation company’s stock after selling 1,264 shares during the quarter. Dowling & Yahnke LLC’s holdings in United Parcel Service were worth $5,178,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Montag A & Associates Inc. raised its stake in United Parcel Service by 2.8% during the second quarter. Montag A & Associates Inc. now owns 17,536 shares of the transportation company’s stock worth $1,863,000 after acquiring an additional 471 shares in the last quarter. Bridge Creek Capital Management LLC raised its stake in United Parcel Service by 1.4% during the third quarter. Bridge Creek Capital Management LLC now owns 36,252 shares of the transportation company’s stock worth $4,232,000 after acquiring an additional 485 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in United Parcel Service by 2.9% during the second quarter. First Allied Advisory Services Inc. now owns 17,469 shares of the transportation company’s stock worth $1,849,000 after acquiring an additional 492 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in United Parcel Service by 7.2% during the second quarter. Stanley Laman Group Ltd. now owns 7,427 shares of the transportation company’s stock worth $789,000 after acquiring an additional 496 shares in the last quarter. Finally, Secrest Blakey & Associates LLC raised its stake in United Parcel Service by 3.6% during the second quarter. Secrest Blakey & Associates LLC now owns 14,655 shares of the transportation company’s stock worth $1,557,000 after acquiring an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 53.90% of the company’s stock.

A number of brokerages have recently weighed in on UPS. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 10th. Bank of America lowered United Parcel Service from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price for the company in a research note on Monday, October 1st. Morgan Stanley raised their target price on United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. Finally, Berenberg Bank began coverage on United Parcel Service in a research note on Friday, September 21st. They issued a “hold” rating and a $125.00 target price for the company. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has a consensus rating of “Hold” and an average target price of $125.52.

In related news, COO James J. Barber sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

United Parcel Service stock opened at $107.52 on Friday. The stock has a market capitalization of $92.12 billion, a P/E ratio of 17.89, a PEG ratio of 1.60 and a beta of 1.16. United Parcel Service, Inc. has a 12-month low of $101.45 and a 12-month high of $135.53. The company has a current ratio of 1.14, a quick ratio of 1.21 and a debt-to-equity ratio of 6.43.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Read More: Leveraged Buyout (LBO)

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

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