Public Employees Retirement Association of Colorado Has $13.72 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Public Employees Retirement Association of Colorado decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the 2nd quarter, Holdings Channel reports. The fund 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 reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. United Services Automobile Association lifted its stake in shares of United Parcel Service by 235.3% in the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after acquiring an additional 166,557 shares during the last quarter. Natixis bought a new position in United Parcel Service in the first quarter valued at about $121,000. Financial Partners Group LLC raised its position 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. grew its holdings in shares of 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 purchasing an additional 6,502 shares during the last quarter. Finally, Nvwm LLC increased its stake in shares of United Parcel Service by 3.7% in the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after buying an additional 96 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Bank of America cut their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Evercore ISI reduced their price objective on shares of 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. UBS Group decreased their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Stephens cut their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company decreased their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $128.60 on Friday. The firm 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 firm’s 50-day moving average price is $130.18 and its 200-day moving average price is $139.28. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

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

United Parcel Service Announces Dividend

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

Insider Buying and Selling at United Parcel Service

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

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.