Ontario Teachers Pension Plan Board Purchases 1,958 Shares of United Parcel Service, Inc. (NYSE:UPS)

Ontario Teachers Pension Plan Board boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,853 shares of the transportation company’s stock after acquiring an additional 1,958 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in United Parcel Service were worth $870,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UPS. Capital Management Corp VA lifted its position in United Parcel Service by 9.1% during the 1st quarter. Capital Management Corp VA now owns 47,616 shares of the transportation company’s stock valued at $7,077,000 after purchasing an additional 3,974 shares during the period. TIAA Trust National Association increased its stake in United Parcel Service by 2.1% during the 1st quarter. TIAA Trust National Association now owns 16,278 shares of the transportation company’s stock worth $2,419,000 after purchasing an additional 339 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in United Parcel Service in the 1st quarter valued at $160,787,000. Intech Investment Management LLC raised its position in United Parcel Service by 11.1% in the 1st quarter. Intech Investment Management LLC now owns 40,018 shares of the transportation company’s stock valued at $5,948,000 after buying an additional 3,987 shares during the last quarter. Finally, Nicolet Advisory Services LLC lifted its stake in United Parcel Service by 6.0% in the 1st quarter. Nicolet Advisory Services LLC now owns 5,348 shares of the transportation company’s stock valued at $805,000 after acquiring an additional 305 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on UPS shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Stifel Nicolaus reduced their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. TD Cowen lowered their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Bank of America cut their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday. Finally, Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $164.45.

United Parcel Service Stock Performance

Shares of NYSE UPS remained flat at $145.18 during midday trading on Monday. 3,619,796 shares of the stock were exchanged, compared to its average volume of 3,979,858. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market cap of $124.21 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.86 and a beta of 0.98. The stock’s fifty day moving average price is $139.40 and its 200 day moving average price is $146.47. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the company posted $2.20 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 8.15 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is presently 94.49%.

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.