Teacher Retirement System of Texas Buys 39,064 Shares of United Parcel Service, Inc. (NYSE:UPS)

Teacher Retirement System of Texas boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,185 shares of the transportation company's stock after purchasing an additional 39,064 shares during the period. Teacher Retirement System of Texas' holdings in United Parcel Service were worth $26,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after acquiring an additional 370,705 shares in the last quarter. Geode Capital Management LLC raised its holdings in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. FMR LLC grew its stake in United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. Finally, Amundi increased its holdings in United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after buying an additional 1,277,328 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UPS. Stifel Nicolaus lowered their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a report on Thursday. BMO Capital Markets decreased their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group dropped their price objective on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Finally, Loop Capital decreased their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $119.29.

United Parcel Service Price Performance

Shares of UPS traded down $3.19 during mid-day trading on Monday, hitting $100.94. The company's stock had a trading volume of 5,280,576 shares, compared to its average volume of 6,060,232. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock has a market capitalization of $85.48 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average price of $98.83 and a 200 day moving average price of $109.66.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.