Strs Ohio raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 443,215 shares of the transportation company’s stock after purchasing an additional 6,197 shares during the quarter. Strs Ohio owned 0.05% of United Parcel Service worth $53,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares during the last quarter. BlackRock Inc. boosted its stake in shares of United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of United Parcel Service by 0.5% in the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after buying an additional 71,666 shares during the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

A number of brokerages have recently commented on UPS. Oppenheimer restated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Bank of America reiterated a “neutral” rating and set a $124.00 price target (up previously from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Finally, BMO Capital Markets increased their price target on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $121.45.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down $0.17 during trading on Friday, hitting $119.56. The company’s stock had a trading volume of 3,004,624 shares, compared to its average volume of 2,840,934. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $125.16. The firm has a market capitalization of $102,981.04, a PE ratio of 19.98, a P/E/G ratio of 2.15 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.78%. United Parcel Service’s payout ratio is currently 81.37%.

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About United Parcel Service

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.

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

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