Kentucky Retirement Systems Insurance Trust Fund Sells 1,838 Shares of United Parcel Service, Inc. (NYSE:UPS)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,688 shares of the transportation company’s stock after selling 1,838 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in United Parcel Service were worth $2,957,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. M&G Plc acquired a new stake in shares of United Parcel Service in the first quarter worth $9,766,000. Mizuho Markets Americas LLC bought a new position in shares of United Parcel Service during the 1st quarter worth about $395,000. Intech Investment Management LLC increased its holdings in shares of United Parcel Service by 11.1% during the 1st quarter. Intech Investment Management LLC now owns 40,018 shares of the transportation company’s stock worth $5,948,000 after purchasing an additional 3,987 shares during the period. TIAA Trust National Association lifted its stake in shares of United Parcel Service by 2.1% in the first quarter. TIAA Trust National Association now owns 16,278 shares of the transportation company’s stock valued at $2,419,000 after buying an additional 339 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its position in United Parcel Service by 50.3% during the first quarter. Ontario Teachers Pension Plan Board now owns 5,853 shares of the transportation company’s stock worth $870,000 after buying an additional 1,958 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup reduced their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Evercore ISI raised their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Stephens lowered their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Price Performance

United Parcel Service stock opened at $134.10 on Friday. The business’s 50-day simple moving average is $132.50 and its 200 day simple moving average is $134.76. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $114.86 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.19 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is 98.49%.

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.