New York State Common Retirement Fund Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

New York State Common Retirement Fund trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 864,132 shares of the transportation company’s stock after selling 94,900 shares during the period. New York State Common Retirement Fund owned about 0.10% of United Parcel Service worth $117,816,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Natixis purchased a new stake in United Parcel Service in the 1st quarter worth approximately $121,000. Cohen Investment Advisors LLC grew its position in shares of United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC increased its stake in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after purchasing an additional 5,069 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in United Parcel Service by 12.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after buying an additional 6,502 shares during the period. Finally, Nvwm LLC boosted its stake in United Parcel Service by 3.7% in the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after buying an additional 96 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent analyst reports. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Bank of America lifted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Trading Down 0.0 %

NYSE:UPS opened at $134.05 on Friday. The stock has a market cap of $114.82 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The business’s 50-day simple moving average is $131.51 and its 200 day simple moving average is $135.63.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s payout ratio is 98.49%.

United Parcel Service 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.