United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.1% in the 4th quarter, HoldingsChannel reports. The firm owned 62,418 shares of the transportation company’s stock after selling 3,385 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in United Parcel Service were worth $9,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of UPS. Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service in the 4th quarter valued at about $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $31,000. Finally, Security National Bank acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.6 %

NYSE:UPS traded up $0.76 during mid-day trading on Friday, hitting $135.65. The company had a trading volume of 3,800,244 shares, compared to its average volume of 3,265,808. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The business has a fifty day simple moving average of $143.62 and a 200-day simple moving average of $149.86. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $116.06 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.72 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $2.20 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UPS shares. Morgan Stanley upped their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Susquehanna lifted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Bank of America upped their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $164.95.

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.