State of Alaska Department of Revenue Has $12.74 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

State of Alaska Department of Revenue lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,711 shares of the transportation company’s stock after purchasing an additional 375 shares during the quarter. 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 Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Chesapeake Wealth Management grew its holdings in shares of United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC boosted its stake in United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares in the last quarter. CapWealth Advisors LLC boosted its stake in United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after buying an additional 686 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after buying an additional 200,297 shares in the last quarter. Finally, KLCM Advisors Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at $2,410,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4 %

NYSE:UPS opened at $135.47 on Thursday. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market cap of $115.90 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.71 and a beta of 0.98. The stock has a 50-day moving average price of $141.24 and a two-hundred day moving average price of $148.12.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley boosted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Stifel Nicolaus decreased their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Evercore ISI decreased their price target 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. Bank of America lifted their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $164.55.

About United Parcel Service

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.