United Parcel Service, Inc. $UPS Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,592,160 shares of the transportation company’s stock after selling 73,772 shares during the quarter. California Public Employees Retirement System owned about 0.19% of United Parcel Service worth $132,993,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Evelyn Partners Investment Management Europe Ltd increased its holdings in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares during the period. Salzhauer Michael acquired a new stake in shares of United Parcel Service during the third quarter worth $31,000. Physician Wealth Advisors Inc. lifted its holdings in shares of United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in United Parcel Service in the 2nd quarter valued at $34,000. Finally, Avion Wealth grew its position in United Parcel Service by 284.1% in the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. UBS Group boosted their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Trading Down 0.6%

Shares of United Parcel Service stock opened at $97.27 on Monday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The stock has a market cap of $82.59 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08. The company has a 50-day moving average of $110.04 and a two-hundred day moving average of $98.02.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.75 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service’s payout ratio is currently 100.00%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.