Conning Inc. trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 309,893 shares of the transportation company’s stock after selling 7,300 shares during the quarter. United Parcel Service makes up about 1.3% of Conning Inc.’s portfolio, making the stock its 24th biggest position. Conning Inc.’s holdings in United Parcel Service were worth $37,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after buying an additional 5 shares during the period. Guardian Life Insurance Co. of America increased its holdings in United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after purchasing an additional 18 shares during the period. Conservest Capital Advisors Inc. increased its holdings in United Parcel Service by 0.8% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after purchasing an additional 23 shares during the period. Fort Pitt Capital Group LLC increased its holdings in United Parcel Service by 1.0% during the 1st quarter. Fort Pitt Capital Group LLC now owns 2,332 shares of the transportation company’s stock worth $250,000 after purchasing an additional 24 shares during the period. Finally, SNS Financial Group LLC increased its holdings in United Parcel Service by 0.5% during the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock worth $488,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 53.67% of the company’s stock.

Several research analysts have commented on the company. Oppenheimer restated a “buy” rating and set a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Bank of America restated a “neutral” rating and set a $124.00 price objective (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets raised their price objective 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, Goldman Sachs Group assumed coverage on United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $121.45.

United Parcel Service, Inc. (UPS) opened at $118.00 on Friday. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $125.16. The stock has a market capitalization of $101,684.14, a price-to-earnings ratio of 19.73, a PEG 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 announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business posted $1.44 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a $0.83 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.81%. United Parcel Service’s dividend payout ratio is presently 81.37%.

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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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