California Public Employees Retirement System Increases Position in United Parcel Service, Inc. (UPS)
California Public Employees Retirement System boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,229,989 shares of the transportation company’s stock after acquiring an additional 63,837 shares during the period. California Public Employees Retirement System’s holdings in United Parcel Service were worth $137,439,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Orrstown Financial Services Inc. acquired a new position in United Parcel Service in the 4th quarter valued at about $29,000. Reilly Financial Advisors LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $29,000. Larson Financial Group LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $29,000. CX Institutional acquired a new position in United Parcel Service in the 1st quarter valued at about $29,000. Finally, RPG Investment Advisory LLC boosted its holdings in United Parcel Service by 277.1% in the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares during the last quarter. 55.77% of the stock is owned by institutional investors.
Several research firms have weighed in on UPS. Argus reiterated a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Bank of America reiterated a “neutral” rating and issued a $112.00 target price (down from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Berenberg Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the company from $125.00 to $130.00 in a report on Monday, April 1st. Credit Suisse Group upped their price objective on shares of United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a report on Monday, February 4th. Finally, Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and an average price target of $122.41.
Shares of UPS stock opened at $97.50 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 5.85. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $125.09. The company has a market capitalization of $85.49 billion, a PE ratio of 13.47, a P/E/G ratio of 1.53 and a beta of 1.16.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Equities analysts expect that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 annualized dividend and a dividend yield of 3.94%. United Parcel Service’s dividend payout ratio is currently 53.04%.
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About United Parcel Service
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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