Carl Domino Inc cut its stake in United Parcel Service Inc. (NYSE:UPS) by 6.7% during the third quarter, Holdings Channel reports. The firm owned 14,669 shares of the company’s stock after selling 1,045 shares during the period. United Parcel Service comprises 1.5% of Carl Domino Inc’s holdings, making the stock its 26th largest position. Carl Domino Inc’s holdings in United Parcel Service were worth $1,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased 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 stake 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 during the period. Strs Ohio boosted its stake in United Parcel Service by 6.6% in the second quarter. Strs Ohio now owns 459,165 shares of the company’s stock worth $49,461,000 after buying an additional 28,241 shares during the period. Private Advisor Group LLC boosted its stake in United Parcel Service by 6.6% in the second quarter. Private Advisor Group LLC now owns 105,063 shares of the company’s stock worth $11,317,000 after buying an additional 6,464 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in United Parcel Service by 1.5% in the third quarter. Raymond James Trust N.A. now owns 30,151 shares of the company’s stock worth $3,297,000 after buying an additional 448 shares during the period. 52.50% of the stock is currently owned by institutional investors and hedge funds.

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

United Parcel Service Inc. (NYSE:UPS) traded down 0.31% during trading on Wednesday, reaching $115.92. 3,353,581 shares of the company traded hands. The company’s 50-day moving average is $110.61 and its 200 day moving average is $108.26. The company has a market cap of $101.16 billion, a PE ratio of 20.66 and a beta of 0.89. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $116.96.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.69%. United Parcel Service’s dividend payout ratio is currently 55.52%.

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A number of research firms have issued reports on UPS. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $116.00 target price (up from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. Argus lifted their target price on shares of United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Vetr cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 target price for the company. in a research note on Tuesday, November 8th. Finally, Deutsche Bank AG began coverage on shares of United Parcel Service in a research note on Wednesday, November 2nd. They issued a “hold” rating and a $117.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $113.40.

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. 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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