King Luther Capital Management Corp Reduces Position in United Parcel Service, Inc. (UPS)

King Luther Capital Management Corp cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,070 shares of the transportation company’s stock after selling 4,080 shares during the period. King Luther Capital Management Corp’s holdings in United Parcel Service were worth $4,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in United Parcel Service by 0.3% in the third quarter. BlackRock Inc. now owns 42,454,730 shares of the transportation company’s stock worth $4,956,590,000 after acquiring an additional 139,134 shares during the period. FMR LLC raised its position in United Parcel Service by 5.2% in the third quarter. FMR LLC now owns 11,152,212 shares of the transportation company’s stock worth $1,302,020,000 after acquiring an additional 547,718 shares during the period. Parnassus Investments CA raised its position in United Parcel Service by 0.8% in the second quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock worth $726,586,000 after acquiring an additional 56,443 shares during the period. Schwab Charles Investment Management Inc. raised its position in United Parcel Service by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock worth $457,788,000 after acquiring an additional 121,264 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in United Parcel Service by 2.2% in the third quarter. Loomis Sayles & Co. L P now owns 3,425,771 shares of the transportation company’s stock worth $399,959,000 after acquiring an additional 74,219 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

Several research analysts have weighed in on UPS shares. Raymond James upgraded shares of United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price target on the stock in a research report on Tuesday, September 4th. Goldman Sachs Group set a $150.00 price target on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. Loop Capital increased their price target on shares of United Parcel Service to $145.00 and gave the stock a “positive” rating in a research report on Friday, September 14th. Berenberg Bank started coverage on shares of United Parcel Service in a research report on Friday, September 21st. They issued a “hold” rating and a $125.00 price target on the stock. They noted that the move was a valuation call. Finally, KeyCorp started coverage on shares of United Parcel Service in a research report on Thursday, September 27th. They issued a “sector weight” rating on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $125.33.

Shares of UPS stock opened at $105.32 on Friday. The firm has a market cap of $92.83 billion, a PE ratio of 17.52, a PEG ratio of 1.62 and a beta of 1.15. United Parcel Service, Inc. has a one year low of $101.45 and a one year high of $135.53. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The firm had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.46%. United Parcel Service’s payout ratio is 60.57%.

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United Parcel Service Company 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.

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

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