Today: Oregon Public Employees Retirement Fund cuts its investment of stake in United Parcel Service Inc. (UPS)

Today: Oregon Public Employees Retirement Fund cuts its investment of stake in United Parcel Service Inc. (UPS)

Oregon Public Employees Retirement Fund reduced its stake in United Parcel Service Inc. (NYSE:UPS) by 35.3% during the third quarter, Holdings Channel reports. The fund owned 71,420 shares of the company’s stock after selling 38,991 shares during the period. Oregon Public Employees Retirement Fund’s holdings in United Parcel Service were worth $7,810,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Washington Trust Bank increased its stake in United Parcel Service by 22.0% in the second quarter. Washington Trust Bank now owns 2,687 shares of the company’s stock worth $289,000 after buying an additional 484 shares in the last quarter. NEXT Financial Group Inc increased its stake in United Parcel Service by 16.7% in the second quarter. NEXT Financial Group Inc now owns 5,974 shares of the company’s stock worth $643,000 after buying an additional 857 shares in the last quarter. Raymond James Trust N.A. increased its stake in United Parcel Service by 4.8% in the second quarter. Raymond James Trust N.A. now owns 29,703 shares of the company’s stock worth $3,200,000 after buying an additional 1,365 shares in the last quarter. Baxter Bros Inc. acquired a new stake in United Parcel Service during the second quarter worth $4,690,000. Finally, Howland Capital Management LLC increased its stake in United Parcel Service by 1.6% in the second quarter. Howland Capital Management LLC now owns 186,029 shares of the company’s stock worth $20,039,000 after buying an additional 2,902 shares in the last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.

Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.49% during mid-day trading on Monday, reaching $115.69. The company’s stock had a trading volume of 2,653,510 shares. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $116.47. The company has a 50-day moving average of $110.21 and a 200-day moving average of $107.97.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.44. The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $14.72 billion. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Equities research analysts forecast that United Parcel Service Inc. will post $5.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 9th. United Parcel Service’s payout ratio is 55.52%.

A number of research firms have weighed in on UPS. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 price target (up previously from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. Morgan Stanley set a $91.00 target price on shares of United Parcel Service and gave the company a “sell” rating in a research note on Monday, August 1st. William Blair restated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. Argus boosted their target price on shares of United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Vetr downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 target price on the stock. in a research note on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.40.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

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