BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $19.08 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 61.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,404 shares of the transportation company's stock after purchasing an additional 53,053 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in United Parcel Service were worth $19,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC bought a new position in United Parcel Service during the 4th quarter worth $31,000. Security National Bank purchased a new position in United Parcel Service in the 4th quarter worth about $31,000. TruNorth Capital Management LLC acquired a new stake in United Parcel Service during the 2nd quarter worth about $28,000. Stephens Consulting LLC boosted its holdings in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company's stock worth $33,000 after buying an additional 200 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of United Parcel Service in the second quarter worth approximately $32,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $150.00 to $144.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their target price on United Parcel Service from $156.00 to $134.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $170.00 to $151.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Oppenheimer lowered their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 24th. Finally, Bank of America dropped their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a "neutral" rating on the stock in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.68.

United Parcel Service Trading Up 1.5 %

Shares of UPS stock traded up $2.00 during trading hours on Wednesday, reaching $131.52. The company had a trading volume of 2,464,736 shares, compared to its average volume of 4,268,135. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $112.66 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.89 and a beta of 0.99. The company has a 50 day moving average of $129.51 and a 200 day moving average of $138.84.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the business posted $2.54 EPS. United Parcel Service's quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service's dividend payout ratio is currently 94.49%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company 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.