United Parcel Service, Inc. (UPS) Shares Sold by Highstreet Asset Management Inc.

Highstreet Asset Management Inc. lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,424 shares of the transportation company’s stock after selling 1,345 shares during the period. Highstreet Asset Management Inc.’s holdings in United Parcel Service were worth $1,132,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after acquiring an additional 1,262,293 shares during the period. BlackRock Inc. boosted its holdings in shares of United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. Wellington Management Group LLP boosted its holdings in shares of United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after acquiring an additional 1,117,802 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after acquiring an additional 1,246,981 shares during the period. Finally, FMR LLC boosted its holdings in shares of United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after acquiring an additional 71,666 shares during the period. Institutional investors and hedge funds own 53.67% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up $0.84 during trading hours on Wednesday, hitting $119.01. 1,125,510 shares of the stock traded hands, compared to its average volume of 2,722,778. The firm has a market capitalization of $101,727.23, a P/E ratio of 19.74, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. United Parcel Service’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. sell-side analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.79%. United Parcel Service’s payout ratio is 81.37%.

UPS has been the subject of a number of research analyst reports. J P Morgan Chase & Co boosted their price objective on United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Loop Capital boosted their price objective on United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a report on Friday, October 6th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price target (up from $108.00) on shares of United Parcel Service in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average target price of $121.45.

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About United Parcel Service

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.

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

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