Public Employees Retirement System of Ohio Has $40.34 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Public Employees Retirement System of Ohio lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 319,884 shares of the transportation company’s stock after selling 14,219 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in United Parcel Service were worth $40,337,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in United Parcel Service in the 4th quarter worth approximately $1,075,393,000. Raymond James Financial Inc. bought a new position in United Parcel Service during the fourth quarter worth $393,680,000. Franklin Resources Inc. increased its position in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the period. Van ECK Associates Corp raised its stake in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $95.39 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $80.77 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The company’s 50-day moving average price is $100.37 and its two-hundred day moving average price is $116.45.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.88%. United Parcel Service’s payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UPS shares. HSBC downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Loop Capital lowered their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Wolfe Research decreased their price objective on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Galvan Research lowered their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service Company 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.