California Public Employees Retirement System Sells 33,750 Shares of United Parcel Service, Inc. (NYSE:UPS)

California Public Employees Retirement System reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,833,819 shares of the transportation company's stock after selling 33,750 shares during the quarter. California Public Employees Retirement System owned 0.21% of United Parcel Service worth $231,245,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at about $26,000. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the 4th quarter valued at $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 0.8 %

Shares of NYSE UPS traded up $0.90 during mid-day trading on Wednesday, reaching $110.16. 4,467,641 shares of the company's stock traded hands, compared to its average volume of 4,670,153. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a 50-day simple moving average of $117.65 and a 200 day simple moving average of $126.15. The stock has a market cap of $94.10 billion, a P/E ratio of 16.30, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $108.18 and a 1-year high of $154.29.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the company earned $2.47 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.95%. United Parcel Service's dividend payout ratio is currently 97.04%.

Analyst Ratings Changes

A number of research firms recently commented on UPS. Raymond James lowered their price target on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Citigroup decreased their target price on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Baird R W cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $135.83.

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.