California Public Employees Retirement System Has $135.83 Million Position in United Parcel Service, Inc. $UPS

California Public Employees Retirement System lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,380,668 shares of the transportation company’s stock after selling 111,367 shares during the period. California Public Employees Retirement System’s holdings in United Parcel Service were worth $135,830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after buying an additional 1,218,432 shares during the period. State Street Corp lifted its stake in United Parcel Service by 3.3% in the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock worth $3,183,268,000 after acquiring an additional 1,029,377 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after acquiring an additional 856,125 shares during the period. Geode Capital Management LLC boosted its position in United Parcel Service by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after acquiring an additional 240,253 shares during the period. Finally, Victory Capital Management Inc. grew its stake in United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after acquiring an additional 5,826,824 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $117.77 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $100.10 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.87 and a beta of 1.05. The business’s 50-day simple moving average is $106.68 and its 200-day simple moving average is $106.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.6%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UPS. Citigroup increased their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Susquehanna upped their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. UBS Group cut their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Stephens raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.10.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.