Public Employees Retirement System of Ohio Reduces Stake in United Parcel Service, Inc. (UPS)

Public Employees Retirement System of Ohio decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 489,926 shares of the transportation company’s stock after selling 395 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of United Parcel Service worth $54,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in UPS. First PREMIER Bank boosted its position in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in United Parcel Service in the first quarter valued at about $126,000. Winslow Evans & Crocker Inc. lifted its position in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after buying an additional 153 shares during the last quarter. Finally, Security National Trust Co. lifted its position in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after buying an additional 48 shares during the last quarter. 53.66% of the stock is currently owned by hedge funds and other institutional investors.

UPS has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $120.74.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down $1.14 on Friday, hitting $120.31. 3,141,930 shares of the stock traded hands, compared to its average volume of 2,647,432. The firm has a market capitalization of $104,657.10, a PE ratio of 20.31, a PEG ratio of 2.18 and a beta of 0.92. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $122.00. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.76%. United Parcel Service’s dividend payout ratio is presently 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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