Kentucky Retirement Systems Sells 694 Shares of United Parcel Service, Inc. (NYSE:UPS)

Kentucky Retirement Systems cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,337 shares of the transportation company’s stock after selling 694 shares during the period. Kentucky Retirement Systems’ holdings in United Parcel Service were worth $6,347,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. IFS Advisors LLC grew its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC grew its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service in the 3rd quarter valued at $36,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of 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. Morgan Stanley reduced their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

Shares of UPS opened at $116.55 on Friday. The business has a 50-day simple moving average of $123.46 and a two-hundred day simple moving average of $128.40. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The stock has a market cap of $99.46 billion, a PE ratio of 17.24, a PEG ratio of 1.52 and a beta of 0.98. 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 (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $2.47 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.63%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

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 stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Company 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.