Quantitative Systematic Strategies LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,963 shares of the transportation company’s stock, valued at approximately $596,000.

A number of other large investors also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its position in United Parcel Service by 0.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 42,710 shares of the transportation company’s stock valued at $4,582,000 after buying an additional 140 shares during the period. ZWJ Investment Counsel Inc. boosted its position in United Parcel Service by 2.5% during the first quarter. ZWJ Investment Counsel Inc. now owns 6,443 shares of the transportation company’s stock valued at $691,000 after buying an additional 159 shares during the period. United Services Automobile Association boosted its position in United Parcel Service by 1.4% during the first quarter. United Services Automobile Association now owns 1,293,554 shares of the transportation company’s stock valued at $138,798,000 after buying an additional 17,370 shares during the period. CFO4Life Group LLC purchased a new stake in United Parcel Service during the first quarter valued at about $32,657,000. Finally, Gofen & Glossberg LLC IL boosted its position in United Parcel Service by 0.5% during the first quarter. Gofen & Glossberg LLC IL now owns 21,268 shares of the transportation company’s stock valued at $2,282,000 after buying an additional 100 shares during the period. Institutional investors own 53.67% of the company’s stock.

UPS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, October 6th. Goldman Sachs Group started coverage on shares of United Parcel Service in a research note on Monday, November 13th. They set a “buy” rating and a $148.00 price objective for the company. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a research note on Friday, August 25th. Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co upped their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $121.45.

United Parcel Service, Inc. (NYSE UPS) traded down $3.35 during mid-day trading on Wednesday, reaching $120.37. 3,690,900 shares of the company were exchanged, compared to its average volume of 2,717,011. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $125.16. The company has a market capitalization of $106,613.23, a P/E ratio of 20.69, a P/E/G ratio of 2.22 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. United Parcel Service’s revenue was up 7.0% on a year-over-year basis. equities research analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s payout ratio is currently 81.37%.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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