State of New Jersey Common Pension Fund D Acquires 754 Shares of United Parcel Service, Inc. (NYSE:UPS)

State of New Jersey Common Pension Fund D increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,019 shares of the transportation company’s stock after purchasing an additional 754 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in United Parcel Service were worth $36,678,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the second quarter worth $28,000. Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.3 %

UPS stock traded down $1.71 during mid-day trading on Friday, reaching $132.44. The company had a trading volume of 3,111,704 shares, compared to its average volume of 3,797,139. The firm has a 50 day moving average of $132.06 and a 200 day moving average of $135.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a market capitalization of $113.45 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the business posted $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company upped their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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.