New Mexico Educational Retirement Board Has $6.30 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

New Mexico Educational Retirement Board grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 42,362 shares of the transportation company’s stock after buying an additional 4,700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in United Parcel Service were worth $6,296,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Chesapeake Wealth Management lifted its holdings in shares of United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after buying an additional 44,721 shares during the period. CapWealth Advisors LLC boosted its holdings in shares of United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares during the period. Dimensional Fund Advisors LP grew its position in shares of United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after purchasing an additional 200,297 shares during the last quarter. Finally, KLCM Advisors Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $2,410,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.8 %

Shares of NYSE UPS traded up $1.02 during trading on Friday, hitting $136.85. 6,609,563 shares of the company traded hands, compared to its average volume of 4,011,769. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The business’s fifty day moving average is $141.71 and its 200 day moving average is $148.56. The firm has a market capitalization of $117.08 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.74 and a beta of 1.01. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Wells Fargo & Company assumed coverage on shares of United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective for the company. Finally, BMO Capital Markets raised their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $164.55.

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.