American International Group Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,932 shares of the transportation company’s stock after selling 10,350 shares during the period. American International Group Inc.’s holdings in United Parcel Service were worth $36,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. First PREMIER Bank lifted its holdings in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service during the third quarter valued at approximately $120,000. Parkside Financial Bank & Trust lifted its holdings in shares of United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 153 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares during the last quarter. Finally, Security National Trust Co. raised its holdings in 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 acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 53.56% of the company’s stock.

A number of equities analysts recently weighed in on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective for the company in a report on Tuesday, December 26th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $135.00 in a report on Monday, December 4th. Finally, Robert W. Baird restated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $124.09.

Shares of United Parcel Service, Inc. (UPS) traded down $2.08 during trading on Monday, reaching $130.64. 2,750,000 shares of the company traded hands, compared to its average volume of 3,250,000. The company has a market cap of $112,580.00, a P/E ratio of 32.10, a P/E/G ratio of 2.03 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, Inc. has a one year low of $102.12 and a one year high of $135.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. The business had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. analysts anticipate that United Parcel Service, Inc. will post 5.99 earnings per share for the current fiscal year.

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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.

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

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