United Parcel Service, Inc. (UPS) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,559 shares of the transportation company’s stock after selling 2,315 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in United Parcel Service were worth $6,311,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank raised its holdings in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares during the period. Parkside Financial Bank & Trust raised its holdings in United Parcel Service by 14.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares during the period. Winslow Evans & Crocker Inc. increased its holdings in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares during the period. Security National Trust Co. increased its holdings in shares of United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after purchasing an additional 5 shares during the period. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on UPS shares. Oppenheimer reaffirmed a “buy” rating and set a $123.00 target price (up from $116.00) on shares of United Parcel Service in a report 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 target price on the stock in a report on Friday, October 6th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $125.00 to $135.00 in a report on Monday, December 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $121.45.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down $1.56 during trading hours on Friday, reaching $116.84. 2,817,300 shares of the company were exchanged, compared to its average volume of 2,723,235. The company has a market capitalization of $102,028.83, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $125.16.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.84%. United Parcel Service’s dividend payout ratio (DPR) is 81.37%.

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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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