Kentucky Retirement Systems Insurance Trust Fund Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,205 shares of the transportation company's stock after selling 4,109 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in United Parcel Service were worth $2,332,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 0.2%

UPS opened at $99.36 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market cap of $84.14 billion, a P/E ratio of 14.48, a PEG ratio of 1.74 and a beta of 1.22. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The business's fifty day simple moving average is $97.77 and its 200 day simple moving average is $111.42.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the business earned $1.43 earnings per share. United Parcel Service's revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

UPS has been the topic of a number of recent research reports. Raymond James Financial cut their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Barclays dropped their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $120.26.

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.

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