Illinois Municipal Retirement Fund Sells 9,715 Shares of United Parcel Service, Inc. (NYSE:UPS)

Illinois Municipal Retirement Fund lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 48.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,265 shares of the transportation company’s stock after selling 9,715 shares during the period. Illinois Municipal Retirement Fund’s holdings in United Parcel Service were worth $1,526,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. First Financial Corp IN grew its position in United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares during the last quarter. Gleason Group Inc. grew its position in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after acquiring an additional 66 shares during the last quarter. Cullen Investment Group LTD. grew its position in United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares during the last quarter. Dfpg Investments LLC grew its position in United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after acquiring an additional 69 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in United Parcel Service by 1.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock valued at $1,142,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Bank of America lifted their target price 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. TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Morgan Stanley lifted 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. Susquehanna lifted their price target on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI cut 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. One equities research analyst has rated the stock with a sell rating, thirteen have issued 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, United Parcel Service has an average rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Trading Up 0.2 %

Shares of UPS stock opened at $142.63 on Monday. The company has a market cap of $122.03 billion, a P/E ratio of 20.63, a PEG ratio of 1.81 and a beta of 0.98. The stock has a 50 day simple moving average of $139.56 and a two-hundred day simple moving average of $146.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. United Parcel Service’s dividend payout ratio is 94.49%.

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.