United Parcel Service, Inc. (UPS) Stake Lessened by Marathon Asset Management LLP

Marathon Asset Management LLP cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 707,251 shares of the transportation company’s stock after selling 16,494 shares during the period. Marathon Asset Management LLP owned approximately 0.08% of United Parcel Service worth $82,572,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in UPS. First PREMIER Bank acquired a new position in United Parcel Service during the second quarter valued at $109,000. Legacy Financial Advisors Inc. acquired a new position in United Parcel Service during the second quarter valued at $111,000. Moneta Group Investment Advisors LLC raised its position in United Parcel Service by 118.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after buying an additional 600 shares during the period. Signature Wealth Management Group acquired a new position in United Parcel Service during the second quarter valued at $118,000. Finally, Advisors Preferred LLC raised its position in United Parcel Service by 845.8% during the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,015 shares during the period. 53.65% of the stock is currently owned by institutional investors.

In other news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Several research analysts have weighed in on the company. BMO Capital Markets upped their target price on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research report on Thursday, July 26th. Cowen reaffirmed a “hold” rating and issued a $128.00 target price on shares of United Parcel Service in a research report on Thursday, July 26th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Friday, October 12th. Robert W. Baird dropped their target price on United Parcel Service from $128.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Finally, Credit Suisse Group dropped their target price on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $125.66.

UPS opened at $108.65 on Wednesday. The stock has a market cap of $91.19 billion, a PE ratio of 18.08, a P/E/G ratio of 1.58 and a beta of 1.14. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.43.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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