Lynch & Associates IN decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 66.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,015 shares of the transportation company’s stock after selling 102,949 shares during the quarter. United Parcel Service accounts for about 2.5% of Lynch & Associates IN’s holdings, making the stock its 11th biggest holding. Lynch & Associates IN’s holdings in United Parcel Service were worth $6,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First PREMIER Bank raised its holdings in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in United Parcel Service in the first quarter valued at approximately $126,000. Winslow Evans & Crocker Inc. raised its holdings in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Finally, Security National Trust Co. raised its holdings in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 48 shares in the last quarter. 53.67% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on UPS. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $135.00 in a report on Monday. Goldman Sachs Group began coverage on shares of United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective on the stock. Oppenheimer reissued a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. UBS raised their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Loop Capital raised their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $121.45.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down $3.35 during trading on Wednesday, hitting $120.37. 3,690,900 shares of the stock were exchanged, compared to its average volume of 2,717,011. The firm has a market cap of $106,613.23, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $125.16. 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 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. equities analysts expect that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.76%. United Parcel Service’s payout ratio is 81.37%.

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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.

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

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