Utah Retirement Systems Acquires 500 Shares of United Parcel Service, Inc. (UPS)

Utah Retirement Systems boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,439 shares of the transportation company’s stock after buying an additional 500 shares during the quarter. Utah Retirement Systems’ holdings in United Parcel Service were worth $14,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ronna Sue Cohen raised its position in United Parcel Service by 34.9% during the 3rd quarter. Ronna Sue Cohen now owns 27,783 shares of the transportation company’s stock worth $3,244,000 after buying an additional 7,193 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in United Parcel Service during the 2nd quarter worth approximately $260,000. NN Investment Partners Holdings N.V. raised its position in United Parcel Service by 3.3% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 119,531 shares of the transportation company’s stock worth $13,954,000 after buying an additional 3,802 shares during the last quarter. First Bank & Trust raised its position in United Parcel Service by 26.3% during the 3rd quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock worth $823,000 after buying an additional 1,395 shares during the last quarter. Finally, Intact Investment Management Inc. raised its position in United Parcel Service by 1.6% during the 3rd quarter. Intact Investment Management Inc. now owns 38,200 shares of the transportation company’s stock worth $4,460,000 after buying an additional 600 shares during the last quarter. 54.07% of the stock is owned by institutional investors.

Shares of NYSE:UPS traded down $8.50 during trading on Wednesday, hitting $106.77. 6,839,798 shares of the stock traded hands, compared to its average volume of 2,553,361. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $99.06 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, November 16th. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.

A number of research firms have issued reports on UPS. Morgan Stanley reduced their price target on shares of United Parcel Service from $92.00 to $87.00 and set a “sell” rating for the company in a research report on Tuesday. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Friday, October 12th. Robert W. Baird reduced their price target on shares of United Parcel Service from $128.00 to $124.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Credit Suisse Group reduced their price target on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, Raymond James reduced their price target on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $125.33.

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United Parcel Service Company Profile

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

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