United Parcel Service, Inc. (UPS) Stake Lowered by PGGM Investments

PGGM Investments trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 33.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,858 shares of the transportation company’s stock after selling 147,264 shares during the period. PGGM Investments’ holdings in United Parcel Service were worth $35,169,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new stake in United Parcel Service in the 3rd quarter valued at $596,000. Shell Asset Management Co. grew its stake in shares of United Parcel Service by 53.5% in the 3rd quarter. Shell Asset Management Co. now owns 270,281 shares of the transportation company’s stock worth $26,566,000 after buying an additional 94,259 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of United Parcel Service by 19.5% in the 3rd quarter. Fulton Bank N.A. now owns 12,076 shares of the transportation company’s stock worth $1,450,000 after buying an additional 1,972 shares in the last quarter. Park National Corp OH grew its stake in shares of United Parcel Service by 2.7% in the 3rd quarter. Park National Corp OH now owns 118,859 shares of the transportation company’s stock worth $14,274,000 after buying an additional 3,162 shares in the last quarter. Finally, Cacti Asset Management LLC grew its stake in shares of United Parcel Service by 7.8% in the 3rd quarter. Cacti Asset Management LLC now owns 405,440 shares of the transportation company’s stock worth $48,093,000 after buying an additional 29,250 shares in the last quarter. Hedge funds and other institutional investors own 53.67% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded down $3.35 during mid-day trading on Wednesday, hitting $120.37. 3,690,900 shares of the company were exchanged, compared to its average volume of 2,717,011. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $125.16. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $106,613.23, a PE ratio of 20.69, a PEG ratio of 2.22 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting 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 firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts predict that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.76%. United Parcel Service’s dividend payout ratio is presently 81.37%.

A number of equities analysts have commented on UPS shares. Citigroup raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. Oppenheimer reissued a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Goldman Sachs Group started coverage on shares of United Parcel Service in a research note on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Finally, Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $135.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $121.45.

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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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