New York State Common Retirement Fund Has $109.35 Million Position in United Parcel Service, Inc. (NYSE:UPS)

New York State Common Retirement Fund boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 867,132 shares of the transportation company's stock after buying an additional 3,000 shares during the period. New York State Common Retirement Fund owned approximately 0.10% of United Parcel Service worth $109,345,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UPS. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC raised its holdings in United Parcel Service by 397.7% in the third 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 period. PSI Advisors LLC raised its holdings in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock worth $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC raised its holdings in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after purchasing an additional 216 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the third quarter worth $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS traded down $0.25 during midday trading on Friday, reaching $116.35. The stock had a trading volume of 6,455,199 shares, compared to its average volume of 7,796,271. The firm has a 50 day simple moving average of $123.21 and a 200-day simple moving average of $128.33. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The firm has a market cap of $99.38 billion, a PE ratio of 17.21, a P/E/G ratio of 1.55 and a beta of 0.98. 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 (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS 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 period in the prior year, the firm posted $2.47 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Argus raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Loop Capital lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. UBS Group lowered their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Bank of America lowered their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, BMO Capital Markets raised shares of United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate 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.