Patten Group Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 43.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,996 shares of the transportation company’s stock after selling 4,686 shares during the quarter. Patten Group Inc.’s holdings in United Parcel Service were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of United Parcel Service by 775.8% in the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock valued at $305,978,000 after acquiring an additional 2,450,868 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of United Parcel Service by 48.1% in the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after acquiring an additional 2,087,477 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of United Parcel Service by 2,005.9% in the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after acquiring an additional 1,446,749 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of United Parcel Service by 119.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after acquiring an additional 1,419,245 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after acquiring an additional 1,262,293 shares in the last quarter. 53.50% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (NYSE:UPS) opened at $134.01 on Thursday. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $134.71. The firm has a market capitalization of $114,506.69, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92. 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 announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the company earned $1.44 earnings per share. United Parcel Service’s revenue was up 7.0% compared to the same quarter last year. equities research analysts predict that United Parcel Service, Inc. will post 5.99 EPS for the current year.

Several equities analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a report on Wednesday. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 target price (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Bank of America reaffirmed a “neutral” rating and issued a $124.00 target price (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, BMO Capital Markets upped their target price 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. 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 company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $124.09.

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United Parcel Service 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.

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

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