State Board of Administration of Florida Retirement System Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

State Board of Administration of Florida Retirement System cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 886,338 shares of the transportation company’s stock after selling 27,979 shares during the period. State Board of Administration of Florida Retirement System’s holdings in United Parcel Service were worth $91,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of United Parcel Service by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,094,438 shares of the transportation company’s stock worth $204,264,000 after purchasing an additional 58,079 shares during the period. Geode Capital Management LLC raised its position in shares of United Parcel Service by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock worth $779,687,000 after purchasing an additional 585,738 shares during the period. Hollencrest Capital Management raised its position in shares of United Parcel Service by 25.3% during the first quarter. Hollencrest Capital Management now owns 361,144 shares of the transportation company’s stock worth $40,354,000 after purchasing an additional 73,031 shares during the period. Signature Wealth Management Group raised its position in shares of United Parcel Service by 1.3% during the first quarter. Signature Wealth Management Group now owns 26,759 shares of the transportation company’s stock worth $2,990,000 after purchasing an additional 340 shares during the period. Finally, Biechele Royce Advisors raised its position in shares of United Parcel Service by 64.9% during the first quarter. Biechele Royce Advisors now owns 63,356 shares of the transportation company’s stock worth $7,079,000 after purchasing an additional 24,942 shares during the period. Institutional investors and hedge funds own 54.91% of the company’s stock.

Shares of NYSE:UPS traded down $1.00 during mid-day trading on Tuesday, reaching $115.79. 633,465 shares of the stock were exchanged, compared to its average volume of 4,421,179. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. The company has a market cap of $99.01 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.75 and a beta of 1.23. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $125.09. The stock’s 50 day simple moving average is $110.71 and its 200-day simple moving average is $107.26.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The firm had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Monday, August 19th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.32%. United Parcel Service’s dividend payout ratio is 53.04%.

A number of research analysts recently issued reports on UPS shares. Loop Capital increased their price objective on United Parcel Service to $140.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Goldman Sachs Group started coverage on United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective for the company. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective for the company in a report on Thursday, May 23rd. Cowen reiterated a “market perform” rating and set a $116.00 price objective (down from $118.00) on shares of United Parcel Service in a report on Friday, April 26th. Finally, UBS Group increased their price objective on United Parcel Service to $128.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $118.82.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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