Northeast Investment Management trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.1% in the fourth quarter, Holdings Channel reports. The fund owned 61,253 shares of the transportation company’s stock after selling 22,735 shares during the quarter. Northeast Investment Management’s holdings in United Parcel Service were worth $7,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in United Parcel Service in the third quarter worth approximately $120,000. Security National Trust Co. increased its holdings in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares in the last quarter. Epstein & White Financial LLC bought a new stake in United Parcel Service in the fourth quarter worth approximately $228,000. Brightworth bought a new stake in United Parcel Service in the third quarter worth approximately $203,000. Finally, First Midwest Bank Trust Division bought a new stake in United Parcel Service in the third quarter worth approximately $203,000. Institutional investors own 53.51% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at $112.71 on Wednesday. The stock has a market capitalization of $97,130.00, a P/E ratio of 20.09, a P/E/G ratio of 1.73 and a beta of 0.91. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $135.53.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The company had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. United Parcel Service’s quarterly revenue was up 11.2% on a year-over-year basis. research analysts forecast that United Parcel Service, Inc. will post 7.27 EPS for the current year.

A number of equities research analysts have weighed in on the company. Robert W. Baird reiterated a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a report on Tuesday, January 9th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 target price (up 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. Morgan Stanley lifted their target price on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Oppenheimer reiterated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. Finally, BMO Capital Markets lifted 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $126.14.

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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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