CI Investments Inc. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.2% during the third quarter, HoldingsChannel.com reports. The fund owned 603,743 shares of the transportation company’s stock after purchasing an additional 45,945 shares during the period. CI Investments Inc.’s holdings in United Parcel Service were worth $70,487,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFG Advisory LLC boosted its position in shares of United Parcel Service by 6.3% in the 3rd quarter. IFG Advisory LLC now owns 7,944 shares of the transportation company’s stock worth $927,000 after purchasing an additional 470 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of United Parcel Service by 2.8% in the 2nd quarter. Montag A & Associates Inc. now owns 17,536 shares of the transportation company’s stock worth $1,863,000 after purchasing an additional 471 shares in the last quarter. Bridge Creek Capital Management LLC boosted its position in shares of United Parcel Service by 1.4% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 36,252 shares of the transportation company’s stock worth $4,232,000 after purchasing an additional 485 shares in the last quarter. Girard Partners LTD. boosted its position in shares of United Parcel Service by 1.7% in the 3rd quarter. Girard Partners LTD. now owns 28,482 shares of the transportation company’s stock worth $3,325,000 after purchasing an additional 488 shares in the last quarter. Finally, Linscomb & Williams Inc. boosted its position in shares of United Parcel Service by 1.2% in the 3rd quarter. Linscomb & Williams Inc. now owns 42,838 shares of the transportation company’s stock worth $5,001,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 54.06% of the company’s stock.

A number of brokerages have recently commented on UPS. Morgan Stanley boosted their price target on United Parcel Service from $92.00 to $93.00 and gave the stock a “sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Credit Suisse Group dropped their price target on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Citigroup cut United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Finally, Robert W. Baird dropped their price target on United Parcel Service from $128.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $125.33.

UPS stock opened at $96.87 on Tuesday. The company has a market capitalization of $84.77 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.48 and a beta of 1.15. United Parcel Service, Inc. has a 12-month low of $96.36 and a 12-month high of $135.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.43.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Monday, November 19th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.76%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

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About United Parcel Service

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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