Saturna Capital CORP Sells 69,600 Shares of United Parcel Service, Inc. (NYSE:UPS)

Saturna Capital CORP lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 26.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,394 shares of the transportation company’s stock after selling 69,600 shares during the quarter. Saturna Capital CORP’s holdings in United Parcel Service were worth $23,105,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. State of Wisconsin Investment Board raised its position in shares of United Parcel Service by 50.0% during the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after acquiring an additional 239,350 shares during the last quarter. Brookstone Capital Management raised its position in shares of United Parcel Service by 9.0% during the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after acquiring an additional 4,541 shares during the last quarter. Wesbanco Bank Inc. raised its position in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after acquiring an additional 5,325 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of United Parcel Service during the third quarter worth $8,978,000. Finally, Dividend Assets Capital LLC bought a new stake in shares of United Parcel Service during the second quarter worth $575,000. 53.51% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (NYSE UPS) opened at $132.86 on Tuesday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market capitalization of $114,490.00, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92.

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, hitting the consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. equities research analysts predict that United Parcel Service, Inc. will post 5.99 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Robert W. Baird restated a “hold” rating and set a $130.00 target price on shares of United Parcel Service in a research report on Tuesday, January 9th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price objective (up previously from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating and issued a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. BMO Capital Markets upped their price objective on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. upped their price objective on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $124.09.

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United Parcel Service Company Profile

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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