United Parcel Service, Inc. (NYSE:UPS) Position Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,399 shares of the transportation company’s stock after selling 4,141 shares during the period. Retirement Systems of Alabama’s holdings in United Parcel Service were worth $25,062,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP raised its holdings in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after buying an additional 2,331,875 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after buying an additional 628,944 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of United Parcel Service by 36.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after acquiring an additional 541,163 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of United Parcel Service by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after acquiring an additional 532,934 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $148.56 on Tuesday. The firm has a market cap of $126.67 billion, a P/E ratio of 21.53, a PEG ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm’s 50 day moving average price is $149.56 and its two-hundred day moving average price is $150.85.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period last year, the company earned $2.20 earnings per share. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Susquehanna upped their target price on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. BMO Capital Markets boosted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, TD Cowen dropped their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Company 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.