Public Employees Retirement Association of Colorado Sells 1,494 Shares of United Parcel Service, Inc. (NYSE:UPS)

Public Employees Retirement Association of Colorado decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,257 shares of the transportation company’s stock after selling 1,494 shares during the period. Public Employees Retirement Association of Colorado’s holdings in United Parcel Service were worth $13,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service during the 2nd quarter worth about $28,000. Security National Bank acquired a new position in United Parcel Service during the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. Finally, Centerpoint Advisors LLC raised its stake in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UPS. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. UBS Group dropped their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird reduced their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Evercore ISI dropped their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Finally, BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Stock Performance

NYSE UPS opened at $128.60 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm has a 50-day moving average price of $130.18 and a two-hundred day moving average price of $139.28. The company has a market capitalization of $110.02 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.90 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.