New York State Common Retirement Fund reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,924,580 shares of the transportation company’s stock after selling 8,401 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of United Parcel Service worth $212,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Godsey & Gibb Associates increased its stake in United Parcel Service by 4.6% during the second quarter. Godsey & Gibb Associates now owns 129,900 shares of the transportation company’s stock worth $14,366,000 after acquiring an additional 5,770 shares during the last quarter. Bank Hapoalim BM increased its stake in United Parcel Service by 57.4% during the second quarter. Bank Hapoalim BM now owns 10,968 shares of the transportation company’s stock worth $1,213,000 after acquiring an additional 4,000 shares during the last quarter. Verity Asset Management Inc. increased its stake in United Parcel Service by 6.5% during the second quarter. Verity Asset Management Inc. now owns 2,140 shares of the transportation company’s stock worth $237,000 after acquiring an additional 130 shares during the last quarter. Accident Compensation Corp increased its stake in United Parcel Service by 12.4% during the second quarter. Accident Compensation Corp now owns 23,600 shares of the transportation company’s stock worth $2,610,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in United Parcel Service by 0.4% during the second quarter. Thrivent Financial For Lutherans now owns 776,709 shares of the transportation company’s stock worth $85,894,000 after acquiring an additional 3,009 shares during the last quarter. 53.07% of the stock is currently owned by institutional investors.

Shares of United Parcel Service, Inc. (UPS) opened at $114.81 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $97,573.69, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.04 and a beta of 0.92. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.45. The company had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. United Parcel Service’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. equities analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a yield of 2.89%. United Parcel Service’s dividend payout ratio is currently 81.37%.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.

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A number of research analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on United Parcel Service in a research note on Monday. They set a “buy” rating and a $148.00 target price on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $120.74.

United Parcel Service Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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