British Columbia Investment Management Corp lowered its position in United Parcel Service Inc. (NYSE:UPS) by 13.7% during the third quarter, Holdings Channel reports. The institutional investor owned 374,914 shares of the company’s stock after selling 59,664 shares during the period. British Columbia Investment Management Corp’s holdings in United Parcel Service were worth $41,001,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. Acadian Asset Management LLC boosted its position in shares of United Parcel Service by 4.1% in the second quarter. Acadian Asset Management LLC now owns 1,071,653 shares of the company’s stock worth $115,438,000 after buying an additional 42,701 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in United Parcel Service by 2.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 103,267 shares of the company’s stock worth $11,124,000 after buying an additional 2,032 shares in the last quarter. Strs Ohio increased its position in shares of United Parcel Service by 6.6% in the second quarter. Strs Ohio now owns 459,165 shares of the company’s stock valued at $49,461,000 after buying an additional 28,241 shares during the last quarter. Private Advisor Group LLC increased its position in shares of United Parcel Service by 6.6% in the second quarter. Private Advisor Group LLC now owns 105,063 shares of the company’s stock valued at $11,317,000 after buying an additional 6,464 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of United Parcel Service by 3.1% in the second quarter. State of Alaska Department of Revenue now owns 95,068 shares of the company’s stock valued at $10,240,000 after buying an additional 2,884 shares during the last quarter. 52.50% of the stock is owned by institutional investors.

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

United Parcel Service Inc. (NYSE:UPS) traded up 0.42% during mid-day trading on Wednesday, reaching $116.77. 323,835 shares of the company’s stock were exchanged. The stock has a market cap of $101.90 billion, a price-to-earnings ratio of 20.81 and a beta of 0.89. United Parcel Service Inc. has a one year low of $87.30 and a one year high of $116.96. The stock has a 50-day moving average of $110.40 and a 200-day moving average of $108.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The company earned $14.93 billion during the quarter, compared to analyst estimates of $14.72 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. United Parcel Service’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service Inc. will post $5.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Wednesday, November 9th. United Parcel Service’s payout ratio is 55.52%.

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UPS has been the subject of a number of research reports. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. BMO Capital Markets initiated coverage on shares of United Parcel Service in a report on Thursday, November 17th. They issued an “outperform” rating and a $125.00 target price for the company. They noted that the move was a valuation call. Barclays PLC increased their target price on shares of United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, November 25th. Finally, Deutsche Bank AG initiated coverage on shares of United Parcel Service in a report on Wednesday, November 2nd. They issued a “hold” rating and a $117.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average target price of $113.40.

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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

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