United Parcel Service, Inc. (UPS) Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 38.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,421,199 shares of the transportation company’s stock after purchasing an additional 395,281 shares during the period. Principal Financial Group Inc. owned about 0.16% of United Parcel Service worth $157,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management boosted its position in United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after purchasing an additional 15 shares during the period. Bollard Group LLC lifted its holdings in United Parcel Service by 0.8% in the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after buying an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America lifted its holdings in United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares in the last quarter. Finally, Conservest Capital Advisors Inc. lifted its holdings in United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 52.87% of the company’s stock.

A number of brokerages have recently issued reports on UPS. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $123.00 target price on shares of United Parcel Service in a research note on Monday, November 6th. UBS AG boosted their price objective on shares of United Parcel Service from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Loop Capital upped their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. BMO Capital Markets upped their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus increased their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $119.22.

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Shares of United Parcel Service, Inc. (UPS) opened at $113.23 on Friday. The company has a market cap of $97,018.10, a P/E ratio of 18.82, a PEG ratio of 2.02 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.59% of the company’s stock.

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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