State of Alaska Department of Revenue Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

State of Alaska Department of Revenue grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 85,711 shares of the transportation company’s stock after acquiring an additional 375 shares during the period. State of Alaska Department of Revenue’s holdings in United Parcel Service were worth $12,738,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Olstein Capital Management L.P. increased its stake in United Parcel Service by 20.8% during the 1st quarter. Olstein Capital Management L.P. now owns 58,000 shares of the transportation company’s stock worth $8,621,000 after buying an additional 10,000 shares during the period. Albion Financial Group UT increased its stake in United Parcel Service by 4.5% during the 1st quarter. Albion Financial Group UT now owns 40,164 shares of the transportation company’s stock worth $5,970,000 after buying an additional 1,715 shares during the period. Azzad Asset Management Inc. ADV increased its stake in United Parcel Service by 1.7% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 13,276 shares of the transportation company’s stock worth $1,973,000 after buying an additional 216 shares during the period. Silverlake Wealth Management LLC increased its stake in United Parcel Service by 6.7% during the 1st quarter. Silverlake Wealth Management LLC now owns 2,914 shares of the transportation company’s stock worth $433,000 after buying an additional 183 shares during the period. Finally, MV Capital Management Inc. increased its stake in United Parcel Service by 8.6% during the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after buying an additional 77 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Oppenheimer boosted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Bank of America boosted their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley boosted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

Shares of UPS opened at $135.47 on Thursday. The company has a 50-day simple moving average of $141.24 and a 200-day simple moving average of $148.12. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $115.90 billion, a PE ratio of 19.63, a P/E/G ratio of 1.71 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

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.