Teacher Retirement System of Texas Lowers Stock Holdings in United Parcel Service, Inc. $UPS

Teacher Retirement System of Texas cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 32.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,255 shares of the transportation company’s stock after selling 55,054 shares during the quarter. Teacher Retirement System of Texas’ holdings in United Parcel Service were worth $9,460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Vanguard Group Inc. lifted its holdings in United Parcel Service by 1.2% during the second quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock valued at $6,753,405,000 after purchasing an additional 768,912 shares in the last quarter. State Street Corp boosted its holdings in United Parcel Service by 1.5% in the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after buying an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after buying an additional 746,667 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after acquiring an additional 762,407 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of United Parcel Service in the second quarter valued at approximately $851,842,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $108.02 on Monday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The stock’s fifty day moving average is $100.47 and its two-hundred day moving average is $93.33. The company has a market capitalization of $91.65 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.33 and a beta of 1.11. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.76 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is 101.39%.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Citigroup boosted their target price on United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Evercore ISI increased their price target on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.84.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.