New Mexico Educational Retirement Board lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,012 shares of the transportation company’s stock after selling 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in United Parcel Service were worth $5,888,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UPS. Capital Advisors Ltd. LLC raised its holdings in shares of United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in United Parcel Service in the 1st quarter worth $32,000. First National Corp MA ADV bought a new position in United Parcel Service in the 1st quarter worth $38,000. Kavar Capital Partners LLC acquired a new stake in United Parcel Service in the 2nd quarter worth $38,000. Finally, Whitener Capital Management Inc. grew its position in United Parcel Service by 75.0% in the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after purchasing an additional 150 shares during the last quarter. 54.91% of the stock is owned by institutional investors.

NYSE UPS traded up $0.65 on Wednesday, hitting $115.69. 79,427 shares of the stock were exchanged, compared to its average volume of 4,421,179. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average is $110.96 and its 200 day moving average is $107.31. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a market capitalization of $99.01 billion, a PE ratio of 15.98, a P/E/G ratio of 1.75 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The firm had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Monday, August 19th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.

A number of equities analysts have commented on the stock. Argus restated a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. Cowen reissued a “market perform” rating and set a $116.00 price target (down from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Credit Suisse Group set a $119.00 price target on shares of United Parcel Service and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $114.00 price target on shares of United Parcel Service in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $118.82.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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