Retirement Systems of Alabama decreased its stake in United Parcel Service Inc. (NYSE:UPS) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 614,021 shares of the company’s stock after selling 3,031 shares during the period. Retirement Systems of Alabama’s holdings in United Parcel Service were worth $67,149,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Americafirst Capital Management LLC bought a new position in United Parcel Service during the second quarter worth about $102,000. Security National Trust Co. raised its position in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares during the last quarter. Financial Architects Inc raised its position in United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock worth $124,000 after buying an additional 202 shares during the last quarter. Cornerstone Advisors Inc. raised its position in United Parcel Service by 216.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,157 shares of the company’s stock worth $127,000 after buying an additional 791 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares during the last quarter. 52.50% of the stock is currently owned by institutional investors.

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

Shares of United Parcel Service Inc. (NYSE:UPS) opened at 115.92 on Thursday. The stock has a market capitalization of $101.16 billion, a P/E ratio of 20.66 and a beta of 0.89. The stock has a 50 day moving average price of $110.40 and a 200 day moving average price of $108.14. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $116.47.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $14.72 billion. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, analysts anticipate that United Parcel Service Inc. will post $5.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Monday, November 14th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, November 9th. United Parcel Service’s dividend payout ratio (DPR) is 55.52%.

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A number of research analysts have recently issued reports on UPS shares. BMO Capital Markets started coverage on United Parcel Service in a report on Thursday, November 17th. They issued an “outperform” rating and a $125.00 target price on the stock. They noted that the move was a valuation call. Barclays PLC boosted their target price on United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a report on Friday, November 25th. Finally, Vetr lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 price objective on the stock. in a report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and an average price target of $113.40.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

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