South Dakota Investment Council Raises Stock Position in United Parcel Service, Inc. (NYSE:UPS)

South Dakota Investment Council boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,984 shares of the transportation company's stock after purchasing an additional 5,164 shares during the period. South Dakota Investment Council's holdings in United Parcel Service were worth $13,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the first quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $27,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% in the first 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 during the period. Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $30,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Susquehanna reduced their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wolfe Research cut their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Galvan Research cut their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $119.13.

United Parcel Service Stock Down 0.2%

NYSE:UPS traded down $0.21 during trading hours on Monday, reaching $99.01. The company's stock had a trading volume of 2,227,422 shares, compared to its average volume of 5,262,234. The company has a market capitalization of $83.84 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $146.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $99.85 and a two-hundred day moving average price of $107.91.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.63%. United Parcel Service's dividend payout ratio is currently 95.63%.

United Parcel Service 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.