Forsta AP Fonden Has $7.22 Million Position in United Parcel Service, Inc. (UPS)

Forsta AP Fonden decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 75.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,078 shares of the transportation company’s stock after selling 186,159 shares during the quarter. Forsta AP Fonden’s holdings in United Parcel Service were worth $7,215,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First PREMIER Bank grew its holdings in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Winslow Evans & Crocker Inc. grew its holdings in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 153 shares during the period. Security National Trust Co. grew its holdings in shares of United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 5 shares during the period. 53.49% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on UPS. Robert W. Baird reissued a “hold” rating and issued a $130.00 price objective on shares of United Parcel Service in a report on Tuesday. Deutsche Bank reaffirmed a “buy” rating and issued a $145.00 target price (up previously from $135.00) on shares of United Parcel Service in a research report on Monday. Knight Equity reaffirmed a “buy” rating and issued a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a research report on Monday. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Finally, Goldman Sachs Group started coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $123.09.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up $0.63 during trading hours on Friday, reaching $134.09. 4,201,400 shares of the company traded hands, compared to its average volume of 3,350,000. The firm has a market capitalization of $115,550.00, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $134.33. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The firm 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 revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. research analysts predict that United Parcel Service, Inc. will post 6 EPS for the current fiscal year.

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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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