United Parcel Service, Inc. (UPS) Position Lowered by Independent Investors Inc.

Independent Investors Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,961 shares of the transportation company’s stock after selling 1,250 shares during the period. United Parcel Service makes up 1.2% of Independent Investors Inc.’s investment portfolio, making the stock its 20th largest holding. Independent Investors Inc.’s holdings in United Parcel Service were worth $2,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Vanguard Group Inc. grew its holdings in United Parcel Service by 1.4% in the third quarter. Vanguard Group Inc. now owns 52,189,390 shares of the transportation company’s stock valued at $6,093,112,000 after purchasing an additional 704,504 shares during the period. Vanguard Group Inc grew its holdings in United Parcel Service by 1.4% in the third quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock valued at $6,093,112,000 after purchasing an additional 704,504 shares during the period. BlackRock Inc. grew its holdings 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 valued at $4,956,590,000 after purchasing an additional 139,134 shares during the period. FMR LLC grew its holdings 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 valued at $1,302,020,000 after purchasing an additional 547,718 shares during the period. Finally, Capital International Investors purchased a new stake in United Parcel Service in the third quarter valued at approximately $525,375,000. Hedge funds and other institutional investors own 54.05% of the company’s stock.

UPS opened at $97.91 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $135.53. The company has a market cap of $84.14 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.48 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. United Parcel Service’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

A number of research firms recently issued reports on UPS. Berenberg Bank began coverage on shares of United Parcel Service in a report 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. Morgan Stanley boosted their target price on shares of United Parcel Service from $92.00 to $93.00 and gave the company a “sell” rating in a report on Tuesday, October 9th. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price for the company in a report on Monday, October 1st. Finally, KeyCorp began coverage on shares of United Parcel Service in a report on Thursday, September 27th. They issued a “sector weight” rating for the company. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $123.83.

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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.

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

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