Quantitative Systematic Strategies LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 54.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,268 shares of the transportation company’s stock after selling 2,695 shares during the period. Quantitative Systematic Strategies LLC’s holdings in United Parcel Service were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SNS Financial Group LLC grew its holdings in United Parcel Service by 0.5% during the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 24 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in United Parcel Service by 0.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after purchasing an additional 44 shares in the last quarter. Security National Trust Co. grew its holdings in United Parcel Service by 3.9% during the 2nd 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 in the last quarter. Davidson & Garrard Inc. grew its holdings in United Parcel Service by 3.1% during the 2nd quarter. Davidson & Garrard Inc. now owns 1,929 shares of the transportation company’s stock valued at $213,000 after purchasing an additional 58 shares in the last quarter. Finally, AMG Funds LLC grew its holdings in United Parcel Service by 0.4% during the 2nd quarter. AMG Funds LLC now owns 15,594 shares of the transportation company’s stock valued at $1,725,000 after purchasing an additional 68 shares in the last quarter. 53.51% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on UPS. Credit Suisse Group reaffirmed a “hold” rating and set a $137.00 price target on shares of United Parcel Service in a report on Wednesday, January 17th. BMO Capital Markets raised their price target on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Goldman Sachs Group began coverage on shares of United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 price target for the company. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target for the company in a report on Tuesday, December 26th. Finally, Stifel Nicolaus raised their price target on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $126.47.

United Parcel Service, Inc. (UPS) opened at $106.39 on Friday. The firm has a market cap of $91,680.00, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $135.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. sell-side analysts predict that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.91 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 59.18%.

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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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