State of Michigan Retirement System Sells 300 Shares of United Parcel Service, Inc. (NYSE:UPS)

State of Michigan Retirement System cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,014 shares of the transportation company’s stock after selling 300 shares during the period. State of Michigan Retirement System’s holdings in United Parcel Service were worth $31,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Vista Investment Management lifted its stake in United Parcel Service by 1.4% in the 2nd quarter. Vista Investment Management now owns 4,171 shares of the transportation company’s stock valued at $748,000 after purchasing an additional 59 shares during the last quarter. Aspire Private Capital LLC lifted its holdings in shares of United Parcel Service by 0.3% during the first quarter. Aspire Private Capital LLC now owns 18,392 shares of the transportation company’s stock worth $3,568,000 after purchasing an additional 60 shares during the period. Harbor Capital Advisors Inc. raised its stake in United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after buying an additional 64 shares during the last quarter. Kolinsky Wealth Management LLC raised its holdings in shares of United Parcel Service by 1.8% during the second quarter. Kolinsky Wealth Management LLC now owns 3,590 shares of the transportation company’s stock valued at $632,000 after purchasing an additional 65 shares during the period. Finally, Field & Main Bank raised its holdings in shares of United Parcel Service by 1.7% during the third quarter. Field & Main Bank now owns 3,840 shares of the transportation company’s stock valued at $599,000 after purchasing an additional 65 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on UPS. Susquehanna reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets raised their price objective on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a report on Wednesday, March 27th. Finally, Morgan Stanley increased their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $1.01 during midday trading on Monday, reaching $147.62. 5,312,242 shares of the company were exchanged, compared to its average volume of 4,445,110. The stock has a market cap of $125.87 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. The business’s fifty day moving average is $150.32 and its two-hundred day moving average is $152.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.62 earnings per share. As a group, analysts predict that United Parcel Service, Inc. will post 8.27 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. United Parcel Service’s dividend payout ratio is presently 83.70%.

United Parcel Service 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.