Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,221 shares of the transportation company’s stock after acquiring an additional 4,940 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in United Parcel Service were worth $11,227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Group LLC increased its stake in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after acquiring an additional 97 shares during the last quarter. Bangor Savings Bank raised its position in United Parcel Service by 1.9% in the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 101 shares during the period. First Dallas Securities Inc. increased its position in shares of United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the last quarter. Fortis Capital Advisors LLC increased its position in shares of United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 104 shares during the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of United Parcel Service by 1.3% in the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Price Performance
Shares of UPS opened at $96.00 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $138.67. The stock has a market cap of $81.36 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The firm has a fifty day moving average price of $87.69 and a 200 day moving average price of $92.92.
United Parcel Service Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on UPS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Citigroup increased their price target on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Oppenheimer decreased their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.00.
View Our Latest Report on United Parcel Service
Insider Activity at United Parcel Service
In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.
United Parcel Service 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.
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