United Parcel Service, Inc. (UPS) Shares Sold by Nuance Investments LLC

Nuance Investments LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,328 shares of the transportation company’s stock after selling 9,079 shares during the period. United Parcel Service comprises about 1.6% of Nuance Investments LLC’s portfolio, making the stock its 24th biggest holding. Nuance Investments LLC’s holdings in United Parcel Service were worth $22,736,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Evergreen Capital Management LLC increased its holdings in United Parcel Service by 7.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 35,531 shares of the transportation company’s stock worth $4,267,000 after purchasing an additional 2,371 shares in the last quarter. Richard C. Young & CO. LTD. increased its holdings in United Parcel Service by 1.2% in the 3rd quarter. Richard C. Young & CO. LTD. now owns 104,976 shares of the transportation company’s stock worth $12,607,000 after purchasing an additional 1,243 shares in the last quarter. Iberiabank Corp increased its holdings in United Parcel Service by 13.9% in the 3rd quarter. Iberiabank Corp now owns 21,610 shares of the transportation company’s stock worth $2,595,000 after purchasing an additional 2,645 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in United Parcel Service by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,015 shares of the transportation company’s stock worth $6,727,000 after purchasing an additional 4,844 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in United Parcel Service in the 3rd quarter worth about $402,000. 53.49% of the stock is owned by institutional investors.

A number of brokerages have issued reports on UPS. Robert W. Baird reaffirmed a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a report on Tuesday. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 target price (up previously from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. BMO Capital Markets upped their target price on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $123.09.

Shares of United Parcel Service, Inc. (UPS) opened at $129.11 on Wednesday. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $130.00. The company has a market capitalization of $111,260.00, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The business’s revenue was up 7.0% on a year-over-year basis. equities research analysts expect that United Parcel Service, Inc. will post 6 earnings per share for the current fiscal year.

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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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