Public Employees Retirement System of Ohio Has $58.63 Million Stake in United Parcel Service, Inc. (UPS)

Public Employees Retirement System of Ohio lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 492,079 shares of the transportation company’s stock after purchasing an additional 2,581 shares during the period. Public Employees Retirement System of Ohio’s holdings in United Parcel Service were worth $58,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of UPS. Vanguard Group Inc. raised its stake in United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after purchasing an additional 1,262,293 shares during the last quarter. FMR LLC raised its stake in United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after purchasing an additional 71,666 shares during the last quarter. Lazard Asset Management LLC raised its stake in United Parcel Service by 48.1% during the 2nd quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after purchasing an additional 2,087,477 shares during the last quarter. Franklin Resources Inc. raised its stake in United Parcel Service by 10.6% during the 2nd quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock valued at $623,198,000 after purchasing an additional 539,620 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in United Parcel Service by 3.0% during the 3rd quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock valued at $482,280,000 after purchasing an additional 118,403 shares during the last quarter. Institutional investors and hedge funds own 53.33% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) opened at $105.61 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $135.53. The firm has a market cap of $91,010.00, a PE ratio of 19.89, a PEG ratio of 1.56 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. research analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a $0.91 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.45%. United Parcel Service’s dividend payout ratio is presently 68.55%.

Several research firms recently commented on UPS. Credit Suisse Group reiterated a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a research note on Wednesday, January 17th. BMO Capital Markets upped their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price target on the stock. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price target on the stock in a report on Tuesday, December 26th. Finally, Stifel Nicolaus boosted their price target 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. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $123.83.

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United Parcel Service Profile

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.

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

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