United Parcel Service, Inc. $UPS Stock Position Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in United Parcel Service, Inc. (NYSE:UPS) by 6.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 333,211 shares of the transportation company’s stock after purchasing an additional 21,059 shares during the period. Public Employees Retirement System of Ohio’s holdings in United Parcel Service were worth $32,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Shrier Wealth Management LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at $1,099,000. LFG Wealth Partners LLC purchased a new stake in United Parcel Service in the 4th quarter worth about $1,207,000. CWM LLC lifted its stake in United Parcel Service by 49.4% in the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock worth $29,495,000 after acquiring an additional 98,309 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in United Parcel Service by 937.9% in the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock worth $24,358,000 after acquiring an additional 221,905 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after acquiring an additional 65,652 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UPS shares. Citizens Jmp began coverage on United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Stephens raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. UBS Group decreased their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Finally, Sanford C. Bernstein boosted their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Price Performance

UPS opened at $114.60 on Friday. The stock has a market cap of $97.41 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.82 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average price of $108.28 and a 200 day moving average price of $106.62.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

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.