United Parcel Service, Inc. (NYSE:UPS) Stake Cut by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 864,132 shares of the transportation company’s stock after selling 94,900 shares during the period. New York State Common Retirement Fund’s holdings in United Parcel Service were worth $117,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blackston Financial Advisory Group LLC raised its stake in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after acquiring an additional 69 shares during the period. Cigna Investments Inc. New raised its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the period. Gleason Group Inc. lifted its holdings in shares of United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after purchasing an additional 77 shares during the last quarter. Rogco LP boosted its position in United Parcel Service by 1.9% during the 1st quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock valued at $625,000 after purchasing an additional 78 shares during the period. Finally, Paulson Wealth Management Inc. grew its stake in United Parcel Service by 3.0% during the 1st quarter. Paulson Wealth Management Inc. now owns 2,743 shares of the transportation company’s stock worth $408,000 after buying an additional 79 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UPS shares. Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Susquehanna upped their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Down 0.0 %

UPS stock opened at $134.05 on Friday. The firm has a market cap of $114.82 billion, a PE ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $131.51 and a 200 day simple moving average of $135.63.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

United Parcel Service Company Profile

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.