United Parcel Service, Inc. (UPS) Stake Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 789,474 shares of the transportation company’s stock after selling 1,989 shares during the quarter. Sterling Capital Management LLC’s holdings in United Parcel Service were worth $94,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State of Wisconsin Investment Board grew its position in shares of United Parcel Service by 50.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after buying an additional 239,350 shares during the period. Brookstone Capital Management lifted its holdings in shares of United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after purchasing an additional 4,541 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of United Parcel Service in the 3rd quarter worth $8,978,000. Finally, Dividend Assets Capital LLC bought a new position in shares of United Parcel Service in the 2nd quarter worth $575,000. 53.50% of the stock is owned by institutional investors.

United Parcel Service, Inc. (NYSE:UPS) opened at $133.08 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $135.53. The firm has a market capitalization of $115,118.51, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92.

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

A number of equities analysts recently issued reports 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. 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. BMO Capital Markets increased 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. Finally, JPMorgan Chase & Co. increased their target price on United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $124.09.

ILLEGAL ACTIVITY NOTICE: “United Parcel Service, Inc. (UPS) Stake Lowered by Sterling Capital Management LLC” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://sportsperspectives.com/2018/01/20/united-parcel-service-inc-ups-stake-lowered-by-sterling-capital-management-llc.html.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply