Adirondack Trust Co. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 18.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,744 shares of the transportation company’s stock after selling 389 shares during the quarter. Adirondack Trust Co.’s holdings in United Parcel Service were worth $209,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Centric Wealth Management increased its position in shares of United Parcel Service by 27.3% during the third quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock worth $48,632,000 after acquiring an additional 90,572 shares during the last quarter. Cypress Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth about $7,798,000. Nomura Asset Management Co. Ltd. increased its position in shares of United Parcel Service by 7.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock worth $21,459,000 after acquiring an additional 13,743 shares during the last quarter. Lockheed Martin Investment Management Co. purchased a new stake in shares of United Parcel Service during the first quarter worth about $4,648,000. Finally, Bank of Nova Scotia increased its holdings in United Parcel Service by 9.8% in the second quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock valued at $14,653,000 after buying an additional 13,206 shares during the last quarter. 55.27% of the stock is currently owned by institutional investors.

United Parcel Service stock traded up $1.12 during midday trading on Wednesday, hitting $113.86. The stock had a trading volume of 2,316,040 shares, compared to its average volume of 3,245,305. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The stock has a market cap of $100.89 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.79 and a beta of 1.24. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $123.63. The business has a fifty day moving average price of $118.20 and a 200 day moving average price of $109.44.

United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. United Parcel Service’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

Several analysts recently weighed in on the company. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Monday, August 26th. Goldman Sachs Group assumed coverage on United Parcel Service in a report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price objective for the company. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. UBS Group boosted their price objective on United Parcel Service to $128.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Raymond James boosted their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $120.46.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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