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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 171,893 shares of the transportation company’s stock after selling 4,858 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United Parcel Service were worth $17,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westbourne Investments Inc. lifted its stake in shares of United Parcel Service by 1.2% in the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after buying an additional 91 shares in the last quarter. Webster Bank N. A. lifted its stake in shares of United Parcel Service by 16.7% in the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock worth $69,000 after buying an additional 100 shares in the last quarter. Peoples Financial Services CORP. lifted its stake in shares of United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock worth $400,000 after buying an additional 100 shares in the last quarter. Argyle Capital Management LLC lifted its stake in shares of United Parcel Service by 0.4% in the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock worth $2,728,000 after buying an additional 100 shares in the last quarter. Finally, Spurstone Advisory Services LLC lifted its stake in shares of United Parcel Service by 2.7% in the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock worth $371,000 after buying an additional 100 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. Evercore dropped their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Susquehanna upped their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. UBS Group lowered 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. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Citigroup increased 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Up 0.1%

Shares of UPS stock opened at $106.85 on Monday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The stock has a market cap 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. 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 company has a 50 day simple moving average of $101.02 and a two-hundred day simple moving average of $103.15.

United Parcel Service (NYSE:UPS) last announced 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 net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

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

United Parcel Service 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.