United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $27,000. Citizens National Bank Trust Department raised its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock traded down $3.19 during midday trading on Monday, hitting $100.94. The company had a trading volume of 5,297,394 shares, compared to its average volume of 5,228,051. The company's 50 day simple moving average is $98.91 and its 200 day simple moving average is $109.48. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The stock has a market cap 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.

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 return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the business posted $1.43 EPS. The company's revenue was down .9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.50%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Oppenheimer cut their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus cut their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Raymond James Financial cut their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $119.29.

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.