Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in United Parcel Service, Inc. $UPS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,893 shares of the transportation company’s stock after selling 4,858 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United Parcel Service were worth $17,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Shrier Wealth Management LLC bought a new stake in United Parcel Service in the fourth quarter worth $1,099,000. Victory Capital Management Inc. increased its position in shares of United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the period. Jaffetilchin Investment Partners LLC increased its position in shares of United Parcel Service by 192.7% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after acquiring an additional 12,993 shares during the period. Integrity Advisory Solutions LLC purchased a new position in shares of United Parcel Service in the third quarter valued at about $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of United Parcel Service by 5.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock valued at $122,855,000 after acquiring an additional 71,764 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $106.85 on Monday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $101.02 and its 200 day moving average is $103.15. The stock has a market capitalization of $90.82 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.70 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company earned $1.49 earnings per share. United Parcel Service’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. United Parcel Service’s payout ratio is currently 106.15%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Evercore decreased their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Citigroup boosted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.50.

About United Parcel Service

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.