Marathon Asset Management LLP cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,942 shares of the transportation company’s stock after selling 4,196 shares during the period. Marathon Asset Management LLP’s holdings in United Parcel Service were worth $27,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Services Automobile Association grew its position in United Parcel Service by 1.4% in the first quarter. United Services Automobile Association now owns 1,293,554 shares of the transportation company’s stock valued at $138,798,000 after acquiring an additional 17,370 shares during the period. CFO4Life Group LLC bought a new stake in United Parcel Service in the first quarter valued at $32,657,000. Gofen & Glossberg LLC IL grew its position in United Parcel Service by 0.5% in the first quarter. Gofen & Glossberg LLC IL now owns 21,268 shares of the transportation company’s stock valued at $2,282,000 after acquiring an additional 100 shares during the period. Principal Financial Group Inc. grew its position in United Parcel Service by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,025,918 shares of the transportation company’s stock valued at $110,081,000 after acquiring an additional 31,304 shares during the period. Finally, Wellington Management Group LLP grew its position in United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after acquiring an additional 1,117,802 shares during the period. Institutional investors and hedge funds own 53.67% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded down $0.17 during trading on Monday, reaching $119.56. The company’s stock had a trading volume of 3,030,400 shares, compared to its average volume of 2,723,366. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $102,981.04, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.15 and a beta of 0.92. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. equities analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.

A number of analysts have weighed in on UPS shares. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Oppenheimer reiterated a “buy” rating and issued a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Cowen reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $121.45.

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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.

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

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