United Parcel Service, Inc. (NYSE:UPS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 964,482 shares of the transportation company's stock after selling 181,097 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of United Parcel Service worth $121,621,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Northern Trust Corp grew its position in United Parcel Service by 9.6% in the 4th quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock valued at $932,081,000 after buying an additional 648,539 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in United Parcel Service by 3.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 606,895 shares of the transportation company's stock valued at $76,529,000 after buying an additional 20,160 shares during the last quarter. Bellwether Advisors LLC purchased a new position in United Parcel Service in the 4th quarter valued at $107,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in United Parcel Service in the 4th quarter valued at $31,000. Finally, Quarry LP purchased a new position in United Parcel Service in the 4th quarter valued at $65,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup lowered their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays decreased their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Loop Capital decreased their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $120.87.

United Parcel Service Price Performance

UPS stock traded down $0.66 during trading on Thursday, hitting $94.64. The stock had a trading volume of 7,498,333 shares, compared to its average volume of 4,934,229. The company's 50 day moving average price is $107.40 and its two-hundred day moving average price is $120.79. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The stock has a market cap of $80.84 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.93%. United Parcel Service's payout ratio is presently 97.04%.

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.