Pittenger & Anderson Inc. Trims Holdings in United Parcel Service, Inc. (NYSE:UPS)

Pittenger & Anderson Inc. lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,362 shares of the transportation company’s stock after selling 87 shares during the quarter. Pittenger & Anderson Inc.’s holdings in United Parcel Service were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new stake in United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Tortoise Investment Management LLC grew its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS opened at $133.85 on Wednesday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market capitalization of $114.65 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.19 and a beta of 0.99. The firm’s 50 day moving average is $131.70 and its 200-day moving average is $135.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research reports. Bank of America lifted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Robert W. Baird decreased their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Stifel Nicolaus increased their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.