Texas Permanent School Fund Corp Sells 15,785 Shares of United Parcel Service, Inc. $UPS

Texas Permanent School Fund Corp lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 19.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,397 shares of the transportation company’s stock after selling 15,785 shares during the quarter. Texas Permanent School Fund Corp’s holdings in United Parcel Service were worth $6,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd grew its position in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service in the second quarter valued at about $26,000. Saudi Central Bank bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $32,000. Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter worth approximately $33,000. Finally, RMG Wealth Management LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $34,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of several research reports. Truist Financial increased their price objective on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Stephens upgraded United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Finally, UBS Group increased their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.09.

United Parcel Service Stock Up 0.1%

Shares of NYSE UPS opened at $100.15 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a market cap of $84.97 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The business has a 50-day simple moving average of $92.95 and a two-hundred day simple moving average of $92.68.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

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.