United Parcel Service, Inc. (UPS) Stake Decreased by Nexus Investment Management Inc.

Nexus Investment Management Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,650 shares of the transportation company’s stock after selling 800 shares during the period. Nexus Investment Management Inc.’s holdings in United Parcel Service were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC increased its holdings in shares of United Parcel Service by 139.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 28,050 shares of the transportation company’s stock valued at $2,736,000 after purchasing an additional 16,350 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in United Parcel Service by 7.8% during the fourth quarter. Carroll Financial Associates Inc. now owns 11,753 shares of the transportation company’s stock valued at $1,144,000 after purchasing an additional 846 shares during the last quarter. First Hawaiian Bank lifted its position in United Parcel Service by 29.0% during the fourth quarter. First Hawaiian Bank now owns 11,370 shares of the transportation company’s stock valued at $1,109,000 after purchasing an additional 2,557 shares during the last quarter. State of Alaska Department of Revenue increased its stake in United Parcel Service by 3.3% in the 4th quarter. State of Alaska Department of Revenue now owns 199,932 shares of the transportation company’s stock worth $19,498,000 after buying an additional 6,476 shares during the period. Finally, Retirement Systems of Alabama raised its position in United Parcel Service by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 370,480 shares of the transportation company’s stock worth $36,133,000 after buying an additional 1,299 shares during the last quarter. Institutional investors own 54.05% of the company’s stock.

UPS stock traded up $1.32 during trading on Monday, reaching $99.23. 149,894 shares of the company’s stock were exchanged, compared to its average volume of 3,446,600. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $135.53. The firm has a market capitalization of $84.14 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting 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 in the previous year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

A number of research firms have issued reports on UPS. Morgan Stanley reduced their price target on shares of United Parcel Service from $92.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday, December 4th. Credit Suisse Group cut their target price on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Robert W. Baird cut their target price on shares of United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Friday, October 12th. Finally, Raymond James cut their price target on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $123.83.

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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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