United Parcel Service, Inc. (NYSE:UPS) Position Cut by Teamwork Financial Advisors LLC

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Teamwork Financial Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 36.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,550 shares of the transportation company’s stock after selling 2,598 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in United Parcel Service were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UPS. Public Employees Retirement Association of Colorado lifted its position in shares of United Parcel Service by 6.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 132,639 shares of the transportation company’s stock valued at $12,391,000 after acquiring an additional 7,676 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of United Parcel Service in the first quarter valued at $561,000. Thrivent Financial for Lutherans lifted its holdings in shares of United Parcel Service by 28.6% in the first quarter. Thrivent Financial for Lutherans now owns 51,041 shares of the transportation company’s stock valued at $4,739,000 after purchasing an additional 11,357 shares in the last quarter. Cipher Capital LP purchased a new stake in shares of United Parcel Service in the first quarter valued at $402,000. Finally, APG Asset Management N.V. lifted its holdings in shares of United Parcel Service by 451.1% in the first quarter. APG Asset Management N.V. now owns 474,116 shares of the transportation company’s stock valued at $44,292,000 after purchasing an additional 388,078 shares in the last quarter. 55.67% of the stock is owned by institutional investors and hedge funds.

In other United Parcel Service news, Director David P. Abney sold 62,700 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $160.56, for a total transaction of $10,067,112.00. Also, SVP Norman M. Brothers, Jr. sold 9,825 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $159.15, for a total transaction of $1,563,648.75. In the last 90 days, insiders have sold 80,291 shares of company stock valued at $12,848,237. Corporate insiders own 0.57% of the company’s stock.

Shares of NYSE UPS traded up $0.40 during mid-day trading on Friday, hitting $174.44. The company had a trading volume of 3,446,613 shares, compared to its average volume of 4,627,982. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50-day simple moving average is $164.79 and its 200-day simple moving average is $126.05. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $177.15. The firm has a market cap of $150.61 billion, a P/E ratio of 34.68, a PEG ratio of 2.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.06. The firm had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $17.42 billion. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 6.91 EPS for the current year.

A number of analysts have recently issued reports on UPS shares. UBS Group increased their target price on United Parcel Service from $150.00 to $162.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Raymond James increased their target price on United Parcel Service from $165.00 to $195.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 29th. ValuEngine upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. Bank of America increased their price objective on United Parcel Service from $176.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Finally, Standpoint Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $144.14.

United Parcel Service Company 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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