Arizona State Retirement System Increases Stake in United Parcel Service, Inc. (UPS)

Arizona State Retirement System boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,890 shares of the transportation company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in United Parcel Service were worth $25,418,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parnassus Investments CA boosted its stake in United Parcel Service by 4.5% in the first quarter. Parnassus Investments CA now owns 4,749,069 shares of the transportation company’s stock worth $493,178,000 after buying an additional 204,506 shares during the period. Swiss National Bank boosted its stake in United Parcel Service by 23.8% in the first quarter. Swiss National Bank now owns 2,796,877 shares of the transportation company’s stock valued at $300,105,000 after buying an additional 537,300 shares during the last quarter. American Century Companies Inc. boosted its position in shares of United Parcel Service by 4.3% in the first quarter. American Century Companies Inc. now owns 2,303,078 shares of the transportation company’s stock worth $247,120,000 after buying an additional 95,923 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of United Parcel Service by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,003,884 shares of the transportation company’s stock worth $215,017,000 after buying an additional 5,197 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of United Parcel Service by 12.2% in the first quarter. TD Asset Management Inc. now owns 1,667,959 shares of the transportation company’s stock worth $178,972,000 after buying an additional 180,792 shares in the last quarter. Institutional investors own 52.90% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.37% during trading on Friday, reaching $113.34. 2,249,273 shares of the company traded hands. The stock has a market capitalization of $98.15 billion, a PE ratio of 27.87 and a beta of 0.88. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm’s 50-day moving average is $111.59 and its 200-day moving average is $107.96.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio is currently 81.57%.

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Several analysts have recently weighed in on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a report on Tuesday. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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