Utah Retirement Systems boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,739 shares of the transportation company’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in United Parcel Service were worth $13,599,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in UPS. Legal & General Group Plc boosted its position in United Parcel Service by 7.4% in the first quarter. Legal & General Group Plc now owns 3,711,612 shares of the transportation company’s stock worth $398,078,000 after buying an additional 257,102 shares during the period. Accident Compensation Corp boosted its position in United Parcel Service by 23.5% in the first quarter. Accident Compensation Corp now owns 21,000 shares of the transportation company’s stock worth $2,253,000 after buying an additional 4,000 shares during the period. Verity Asset Management Inc. purchased a new position in United Parcel Service during the first quarter worth about $216,000. Eliot Finkel Investment Counsel LLC boosted its position in United Parcel Service by 4.3% in the first quarter. Eliot Finkel Investment Counsel LLC now owns 49,120 shares of the transportation company’s stock worth $5,271,000 after buying an additional 2,005 shares during the period. Finally, Good Life Advisors LLC boosted its position in United Parcel Service by 1,113.6% in the first quarter. Good Life Advisors LLC now owns 22,136 shares of the transportation company’s stock worth $2,360,000 after buying an additional 20,312 shares during the period. Hedge funds and other institutional investors own 52.90% of the company’s stock.
Shares of United Parcel Service, Inc. (UPS) traded up 0.04% during midday trading on Friday, reaching $113.40. 2,015,061 shares of the company traded hands. The company has a 50-day moving average of $112.04 and a 200 day moving average of $108.21. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a market capitalization of $98.20 billion, a PE ratio of 27.88 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.93%. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.
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A number of equities analysts have issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Friday. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a report on Tuesday, August 15th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $114.80.
In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Insiders sold 23,255 shares of company stock valued at $2,628,619 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.
United Parcel Service Company Profile
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.
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