United Parcel Service, Inc. (UPS) Holdings Decreased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,020 shares of the transportation company’s stock after selling 1,885 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in United Parcel Service were worth $3,485,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service in the 3rd quarter worth $120,000. First PREMIER Bank raised its position in shares of United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Parkside Financial Bank & Trust raised its position in shares of United Parcel Service by 14.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the period. Finally, Security National Trust Co. raised its position in shares of United Parcel Service by 3.9% in the 2nd quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after buying an additional 48 shares during the period. 53.49% of the stock is currently owned by institutional investors.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $127.23 on Friday. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $128.95. The stock has a market capitalization of $109,640.00, a price-to-earnings ratio of 31.26, a P/E/G ratio of 2.07 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 consensus estimate of $1.45. The firm had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. equities analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

Several research analysts recently weighed in on UPS shares. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 target price (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Sunday, October 1st. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Bank of America reiterated a “neutral” rating and issued a $124.00 price target (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $121.39.

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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.

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

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