Kentucky Retirement Systems Insurance Trust Fund Has $3.19 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,314 shares of the transportation company's stock after purchasing an additional 3,626 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in United Parcel Service were worth $3,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kestra Investment Management LLC increased its holdings in United Parcel Service by 36.1% during the 4th quarter. Kestra Investment Management LLC now owns 9,560 shares of the transportation company's stock worth $1,206,000 after purchasing an additional 2,534 shares during the last quarter. Hudson Canyon Capital Management grew its position in shares of United Parcel Service by 11.0% in the 4th quarter. Hudson Canyon Capital Management now owns 13,650 shares of the transportation company's stock worth $1,721,000 after acquiring an additional 1,350 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of United Parcel Service by 34.3% in the 4th quarter. Venturi Wealth Management LLC now owns 13,952 shares of the transportation company's stock worth $1,759,000 after acquiring an additional 3,566 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of United Parcel Service by 5.4% in the 4th quarter. D.A. Davidson & CO. now owns 214,533 shares of the transportation company's stock worth $27,053,000 after acquiring an additional 11,054 shares in the last quarter. Finally, Empower Advisory Group LLC grew its position in shares of United Parcel Service by 2.1% in the 4th quarter. Empower Advisory Group LLC now owns 821,821 shares of the transportation company's stock worth $103,632,000 after acquiring an additional 16,850 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the subject of several research reports. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Loop Capital decreased their target price on 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. Finally, Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $140.73.

United Parcel Service Stock Performance

UPS stock traded down $0.25 during trading on Friday, reaching $116.35. 6,455,199 shares of the company's stock were exchanged, compared to its average volume of 6,637,967. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The company's fifty day moving average price is $123.21 and its 200-day moving average price is $128.33. The firm has a market cap of $99.29 billion, a PE ratio of 17.21, a P/E/G ratio of 1.52 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted $2.47 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

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

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

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.