National Pension Service increased its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,379,189 shares of the transportation company’s stock after acquiring an additional 36,099 shares during the quarter. National Pension Service owned 0.28% of United Parcel Service worth $255,763,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in United Parcel Service during the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. Markowski Investments purchased a new stake in shares of United Parcel Service in the second quarter valued at $30,000. Kemnay Advisory Services Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $29,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of United Parcel Service in the second quarter worth $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Price Performance
UPS opened at $99.22 on Thursday. The stock has a fifty day moving average price of $107.32 and a 200 day moving average price of $105.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The stock has a market cap of $84.41 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.80 and a beta of 1.06.
United Parcel Service Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were issued a $1.64 dividend. The ex-dividend date was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. United Parcel Service’s dividend payout ratio is currently 121.93%.
Wall Street Analysts Forecast Growth
UPS has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price target on United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Oppenheimer upped their target price on United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Stephens reduced their price target on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Citizens Jmp started coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, BMO Capital Markets upped their price objective on shares of United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $117.41.
Read Our Latest Stock Report on United Parcel Service
United Parcel Service Company Profile
United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.
UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.
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