State Treasurer State of Michigan Purchases 1,500 Shares of United Parcel Service, Inc. (UPS)

State Treasurer State of Michigan grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,286 shares of the transportation company’s stock after purchasing an additional 1,500 shares during the quarter. State Treasurer State of Michigan’s holdings in United Parcel Service were worth $24,950,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. Allred Capital Management LLC increased its holdings in United Parcel Service by 1.4% in the 1st quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock worth $799,000 after acquiring an additional 100 shares in the last quarter. Community Bank N.A. increased its holdings in United Parcel Service by 0.6% in the 1st quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock worth $1,802,000 after acquiring an additional 100 shares in the last quarter. Howe & Rusling Inc. increased its holdings in United Parcel Service by 22.8% in the 1st quarter. Howe & Rusling Inc. now owns 614 shares of the transportation company’s stock worth $69,000 after acquiring an additional 114 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings in United Parcel Service by 1.9% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 6,573 shares of the transportation company’s stock worth $641,000 after acquiring an additional 122 shares in the last quarter. Finally, Buffington Mohr McNeal increased its holdings in United Parcel Service by 3.0% in the 4th quarter. Buffington Mohr McNeal now owns 4,567 shares of the transportation company’s stock worth $445,000 after acquiring an additional 131 shares in the last quarter. 55.55% of the stock is owned by hedge funds and other institutional investors.

Shares of UPS opened at $95.85 on Friday. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same period last year, the firm earned $1.55 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 annualized dividend and a dividend yield of 4.01%. United Parcel Service’s payout ratio is 53.04%.

Several brokerages recently commented on UPS. Argus reissued a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Bank of America reissued a “neutral” rating and issued a $112.00 price target (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $130.00 in a report on Monday, April 1st. Credit Suisse Group boosted their price target on shares of United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a report on Monday, February 4th. Finally, Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $122.41.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

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United Parcel Service Company 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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