Public Employees Retirement Association of Colorado Sells 3,080 Shares of United Parcel Service, Inc. (NYSE:UPS)

Public Employees Retirement Association of Colorado cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,244 shares of the transportation company's stock after selling 3,080 shares during the period. Public Employees Retirement Association of Colorado's holdings in United Parcel Service were worth $12,262,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. IFS Advisors LLC increased its position in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $30,000. Finally, Transce3nd LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $33,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UPS. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wolfe Research cut their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Citigroup cut their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Susquehanna cut their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Finally, Galvan Research cut their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus price target of $126.41.

United Parcel Service Price Performance

Shares of UPS traded down $1.02 during trading hours on Monday, reaching $96.89. 8,629,245 shares of the stock traded hands, compared to its average volume of 4,857,344. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The company's 50-day moving average price is $108.22 and its two-hundred day moving average price is $121.14. The company has a market cap of $82.76 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

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

United Parcel Service Increases Dividend

The business 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. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.77%. United Parcel Service's payout ratio is 97.04%.

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.