United Parcel Service, Inc. (UPS) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,763 shares of the transportation company’s stock after selling 2,696 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in United Parcel Service were worth $22,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UPS. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United Parcel Service during the 3rd quarter worth $120,000. Winslow Evans & Crocker Inc. boosted its position in shares of United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after purchasing an additional 899 shares in the last quarter. Security National Trust Co. raised its stake in shares of United Parcel Service by 3.9% during 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of United Parcel Service by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after buying an additional 5 shares during the last quarter. Finally, Webster Bank N. A. raised its stake in shares of United Parcel Service by 127.8% during the 2nd quarter. Webster Bank N. A. now owns 1,581 shares of the transportation company’s stock worth $175,000 after buying an additional 887 shares during the last quarter. Institutional investors own 53.50% of the company’s stock.

Several research analysts have recently issued reports on the company. Oppenheimer reaffirmed a “buy” rating and set a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Bank of America reaffirmed a “neutral” rating and set a $124.00 price target (up previously from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. BMO Capital Markets lifted their price target on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, Goldman Sachs Group assumed coverage on United Parcel Service in a research note on Monday, November 13th. They set a “buy” rating and a $148.00 price target for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $123.09.

United Parcel Service, Inc. (NYSE UPS) opened at $134.09 on Tuesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $134.33. The firm has a market cap of $115,550.00, a PE ratio of 32.95, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its earnings results 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 net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that United Parcel Service, Inc. will post 6 earnings per share for the current fiscal year.

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United Parcel Service Company 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.

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

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