Sarasin & Partners LLP Has $43.15 Million Stake in United Parcel Service, Inc. (UPS)

Sarasin & Partners LLP lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 27.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,335 shares of the transportation company’s stock after selling 134,512 shares during the period. Sarasin & Partners LLP’s holdings in United Parcel Service were worth $43,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of United Parcel Service by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after acquiring an additional 1,262,293 shares during the period. FMR LLC grew its position in shares of United Parcel Service by 0.5% in the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after acquiring an additional 71,666 shares during the period. Lazard Asset Management LLC grew its position in shares of United Parcel Service by 48.1% in the 2nd quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after acquiring an additional 2,087,477 shares during the period. Franklin Resources Inc. grew its position in shares of United Parcel Service by 10.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock valued at $623,198,000 after acquiring an additional 539,620 shares during the period. Finally, Legal & General Group Plc grew its position in shares of United Parcel Service by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock valued at $482,280,000 after acquiring an additional 118,403 shares during the period. 53.49% of the stock is owned by institutional investors.

United Parcel Service, Inc. (NYSE:UPS) opened at $134.09 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. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $134.33. The company has a market cap of $115,550.00, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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

A number of analysts have recently issued reports on UPS shares. Oppenheimer restated a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Cowen restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research note on Sunday, October 1st. 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. Finally, Bank of America restated a “neutral” rating and set a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $123.09.

ILLEGAL ACTIVITY NOTICE: This report was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.com-unik.info/2018/01/13/sarasin-partners-llp-has-43-15-million-stake-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