Cowen Prime Services LLC Sells 1,850 Shares of United Parcel Service, Inc. (UPS)

Cowen Prime Services LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 19,490 shares of the transportation company’s stock after selling 1,850 shares during the period. United Parcel Service accounts for 1.1% of Cowen Prime Services LLC’s portfolio, making the stock its 29th largest position. Cowen Prime Services LLC’s holdings in United Parcel Service were worth $2,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First PREMIER Bank lifted its position 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Parcel Service in the 3rd quarter valued at $120,000. Parkside Financial Bank & Trust increased its stake 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 buying an additional 153 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the last quarter. Finally, Security National Trust Co. increased its stake in United Parcel Service by 3.9% in the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares during the last quarter. 53.49% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE:UPS) opened at $134.09 on Friday. 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 12-month low of $102.12 and a 12-month high of $134.33. The stock has a market cap of $115,006.49, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 prior year, the company posted $1.44 EPS. The company’s revenue was up 7.0% on a year-over-year basis. equities research analysts predict that United Parcel Service, Inc. will post 6 earnings per share for the current year.

UPS has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, October 6th. Oppenheimer reiterated a “buy” rating and issued a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Goldman Sachs Group began 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 target on the stock. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Finally, Knight Equity reiterated a “buy” rating and issued a $135.00 price target (down previously from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $123.09.

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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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