Public Sector Pension Investment Board Has $4.40 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Public Sector Pension Investment Board raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,289 shares of the transportation company’s stock after acquiring an additional 4,100 shares during the quarter. Public Sector Pension Investment Board’s holdings in United Parcel Service were worth $4,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. TruNorth Capital Management LLC bought a new position in United Parcel Service during the second quarter worth about $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service in the second quarter worth $32,000. Centerpoint Advisors LLC grew its position in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Tortoise Investment Management LLC lifted its position in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its stake in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Susquehanna boosted their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $134.03 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $114.38 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. The stock has a fifty day simple moving average of $133.55 and a two-hundred day simple moving average of $133.67. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s dividend payout ratio is currently 98.49%.

About United Parcel Service

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.