Alaska Permanent Fund Corp Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Alaska Permanent Fund Corp decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,583 shares of the transportation company’s stock after selling 2,429 shares during the period. Alaska Permanent Fund Corp’s holdings in United Parcel Service were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service in the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the fourth quarter worth about $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $28,000. Bourgeon Capital Management LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. Finally, VisionPoint Advisory Group LLC boosted its stake in United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.1 %

NYSE UPS opened at $147.53 on Friday. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. The business has a fifty day moving average price of $149.56 and a 200 day moving average price of $150.96. The company has a market cap of $125.79 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 94.49%.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Company 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.