Tdam USA Inc. Reduces Position in United Parcel Service, Inc. (UPS)

Tdam USA Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,631 shares of the transportation company’s stock after selling 19,731 shares during the quarter. Tdam USA Inc.’s holdings in United Parcel Service were worth $13,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after acquiring an additional 1,262,293 shares during the last quarter. FMR LLC boosted its stake in shares of United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after acquiring an additional 71,666 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of United Parcel Service by 48.1% during the 2nd quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after acquiring an additional 2,087,477 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 10.6% during the 2nd quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock worth $623,198,000 after acquiring an additional 539,620 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of United Parcel Service by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 3,898,556 shares of the transportation company’s stock valued at $430,952,000 after buying an additional 186,944 shares in the last quarter. Institutional investors and hedge funds own 53.49% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at $127.62 on Friday. 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 cap of $109,637.91, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $128.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. The company had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. 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 previous year, the firm posted $1.44 EPS. equities research analysts predict that United Parcel Service, Inc. will post 6 earnings per share for the current year.

A number of research analysts recently weighed in on UPS shares. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Goldman Sachs Group started coverage on shares of United Parcel Service in a research note on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. Cowen restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research note on Tuesday, December 26th. Finally, Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the company from $125.00 to $135.00 in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $121.39.

ILLEGAL ACTIVITY WARNING: “Tdam USA Inc. Reduces Position in United Parcel Service, Inc. (UPS)” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/01/07/tdam-usa-inc-reduces-position-in-united-parcel-service-inc-ups.html.

About United Parcel Service

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

What are top analysts saying about United Parcel Service? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Parcel Service and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit