Public Employees Retirement System of Ohio Sells 14,219 Shares of United Parcel Service, Inc. (NYSE:UPS)

Public Employees Retirement System of Ohio cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 319,884 shares of the transportation company's stock after selling 14,219 shares during the quarter. Public Employees Retirement System of Ohio's holdings in United Parcel Service were worth $40,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth about $28,000. Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $31,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $1.58 during midday trading on Friday, hitting $95.39. 3,314,170 shares of the company's stock traded hands, compared to its average volume of 5,129,937. The firm has a fifty day moving average of $100.37 and a 200 day moving average of $116.21. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market capitalization of $80.77 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business 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 firm earned $1.43 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UPS. Truist Financial cut their price objective 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. Oppenheimer cut their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Galvan Research decreased their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. BMO Capital Markets reduced their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Loop Capital lowered their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $120.26.

About United Parcel Service

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.