California Public Employees Retirement System Has $168.16 Million Stock Holdings in United Parcel Service, Inc. $UPS

California Public Employees Retirement System lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,665,932 shares of the transportation company’s stock after selling 132,535 shares during the quarter. California Public Employees Retirement System owned 0.20% of United Parcel Service worth $168,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Evelyn Partners Investment Management Europe Ltd boosted its holdings in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in United Parcel Service in the 2nd quarter valued at $26,000. Saudi Central Bank bought a new stake in United Parcel Service during the 1st quarter worth about $32,000. Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $33,000. Finally, RMG Wealth Management LLC bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $34,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UPS. Bank of America reduced their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Wells Fargo & Company increased their price objective on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Susquehanna increased their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.00.

United Parcel Service Trading Up 0.1%

UPS stock opened at $94.88 on Monday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99. The stock has a market cap of $80.50 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11. The company has a fifty day moving average price of $91.02 and a two-hundred day moving average price of $92.57. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.9%. United Parcel Service’s payout ratio is 101.39%.

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.