United Parcel Service, Inc. (NYSE:UPS) Position Lessened by Everett Harris & Co. CA

Everett Harris & Co. CA reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,907 shares of the transportation company’s stock after selling 820 shares during the quarter. Everett Harris & Co. CA’s holdings in United Parcel Service were worth $16,337,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UPS. FLC Capital Advisors boosted its position in shares of United Parcel Service by 21.6% during the fourth quarter. FLC Capital Advisors now owns 2,178 shares of the transportation company’s stock worth $342,000 after buying an additional 387 shares during the period. Maltin Wealth Management Inc. raised its stake in shares of United Parcel Service by 44.9% during the fourth quarter. Maltin Wealth Management Inc. now owns 18,466 shares of the transportation company’s stock valued at $2,903,000 after purchasing an additional 5,719 shares in the last quarter. Deane Retirement Strategies Inc. lifted its stake in shares of United Parcel Service by 0.5% in the 4th quarter. Deane Retirement Strategies Inc. now owns 21,965 shares of the transportation company’s stock worth $3,454,000 after acquiring an additional 106 shares during the period. Planned Solutions Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $168,000. Finally, Jacobs & Co. CA boosted its stake in United Parcel Service by 1.5% during the 4th quarter. Jacobs & Co. CA now owns 78,225 shares of the transportation company’s stock valued at $12,299,000 after purchasing an additional 1,169 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Up 2.5 %

Shares of United Parcel Service stock traded up $3.54 during midday trading on Wednesday, reaching $147.33. 7,006,600 shares of the company’s stock traded hands, compared to its average volume of 4,416,325. The company has a market cap of $125.62 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company’s 50 day simple moving average is $150.79 and its 200 day simple moving average is $152.28. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.62 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 8.29 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.43%. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Analyst Ratings Changes

UPS has been the topic of several research reports. Morgan Stanley boosted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday, December 21st. Raymond James decreased their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Finally, Stifel Nicolaus upped their target price on United Parcel Service from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $169.45.

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.