United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,278 shares of the transportation company’s stock after selling 164 shares during the period. Lincoln Capital LLC’s holdings in United Parcel Service were worth $992,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fenimore Asset Management Inc. purchased a new position in shares of United Parcel Service in the third quarter valued at $209,000. Virginia Retirement Systems ET AL boosted its stake in shares of United Parcel Service by 251.1% in the third quarter. Virginia Retirement Systems ET AL now owns 132,700 shares of the transportation company’s stock valued at $15,900,000 after purchasing an additional 94,900 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of United Parcel Service by 5.2% in the third quarter. Sequoia Financial Advisors LLC now owns 19,657 shares of the transportation company’s stock valued at $2,355,000 after purchasing an additional 979 shares during the period. Cascade Investment Advisors Inc. boosted its stake in shares of United Parcel Service by 64.3% in the third quarter. Cascade Investment Advisors Inc. now owns 575 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 225 shares during the period. Finally, Lathrop Investment Management Corp boosted its stake in shares of United Parcel Service by 0.3% in the third quarter. Lathrop Investment Management Corp now owns 99,023 shares of the transportation company’s stock valued at $11,865,000 after purchasing an additional 312 shares during the period. 55.31% of the stock is owned by institutional investors.

NYSE UPS traded down $3.13 during trading hours on Tuesday, reaching $115.39. 6,227,849 shares of the company traded hands, compared to its average volume of 2,822,823. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $123.63. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The stock has a market capitalization of $100.77 billion, a PE ratio of 15.94, a PEG ratio of 1.78 and a beta of 1.24. The company has a 50 day moving average of $118.66 and a two-hundred day moving average of $109.87.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.02. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The firm had revenue of $18.32 billion for the quarter, compared to the consensus estimate of $18.35 billion. During the same period in the prior year, the firm posted $1.82 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.

Several research analysts have recently weighed in on UPS shares. JPMorgan Chase & Co. set a $135.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a research note on Friday, October 4th. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Goldman Sachs Group started coverage on shares of United Parcel Service in a research note on Wednesday, July 10th. They issued a “buy” rating and a $123.00 target price for the company. Stifel Nicolaus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a research note on Monday, July 29th. Finally, Raymond James upped their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $120.46.

About United Parcel Service

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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