Royal London Asset Management Ltd. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 275,867 shares of the transportation company’s stock after selling 9,978 shares during the period. Royal London Asset Management Ltd.’s holdings in United Parcel Service were worth $32,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ronna Sue Cohen raised its position in shares of United Parcel Service by 34.9% in the 3rd quarter. Ronna Sue Cohen now owns 27,783 shares of the transportation company’s stock worth $3,244,000 after acquiring an additional 7,193 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of United Parcel Service in the 2nd quarter worth approximately $260,000. NN Investment Partners Holdings N.V. raised its position in shares of United Parcel Service by 3.3% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 119,531 shares of the transportation company’s stock worth $13,954,000 after acquiring an additional 3,802 shares in the last quarter. First Bank & Trust raised its position in shares of United Parcel Service by 26.3% in the 3rd quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock worth $823,000 after acquiring an additional 1,395 shares in the last quarter. Finally, Intact Investment Management Inc. raised its position in shares of United Parcel Service by 1.6% in the 3rd quarter. Intact Investment Management Inc. now owns 38,200 shares of the transportation company’s stock worth $4,460,000 after acquiring an additional 600 shares in the last quarter. 53.74% of the stock is currently owned by institutional investors and hedge funds.

UPS has been the subject of several research reports. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. Citigroup lowered United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Bank of America lowered United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price for the company in a research report on Monday, October 1st. Finally, Morgan Stanley raised their price objective on United Parcel Service from $90.00 to $92.00 and gave the company an “underweight” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $125.66.

In other United Parcel Service news, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

UPS stock opened at $110.09 on Monday. United Parcel Service, Inc. has a twelve month low of $101.45 and a twelve month high of $135.53. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $94.59 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.65 and a beta of 1.14.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 16th. United Parcel Service’s payout ratio is 60.57%.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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