State Board of Administration of Florida Retirement System increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 981,593 shares of the transportation company’s stock after purchasing an additional 870 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.11% of United Parcel Service worth $117,880,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UPS. First PREMIER Bank raised its holdings in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 153 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares during the period. Security National Trust Co. raised its holdings in shares of United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 5 shares during the period. 53.49% of the stock is currently owned by institutional investors.

United Parcel Service, Inc. (UPS) opened at $119.00 on Wednesday. The company has a market cap of $102,550.00, a P/E ratio of 19.73, a P/E/G ratio of 2.12 and a beta of 0.92. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts predict 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 was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.57%.

A number of equities research analysts recently weighed in on UPS shares. Robert W. Baird restated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Friday, August 25th. Oppenheimer restated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Cowen restated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Bank of America restated a “neutral” rating and issued a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $121.45.

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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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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