State of Alaska Department of Revenue Has $10.44 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

State of Alaska Department of Revenue increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,906 shares of the transportation company's stock after acquiring an additional 4,295 shares during the period. State of Alaska Department of Revenue's holdings in United Parcel Service were worth $10,437,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

UPS stock traded up $0.15 during trading hours on Friday, reaching $99.36. The stock had a trading volume of 11,093,220 shares, compared to its average volume of 5,205,517. The stock has a market capitalization of $84.14 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. 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 stock has a 50-day simple moving average of $97.72 and a 200 day simple moving average of $111.86. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Analysts Set New Price Targets

Several brokerages have commented on UPS. Loop Capital lowered their target price on shares of 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. UBS Group lowered their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $120.26.

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.