KCM Investment Advisors LLC Has $19.01 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

KCM Investment Advisors LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 3.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 139,441 shares of the transportation company’s stock after selling 5,400 shares during the period. KCM Investment Advisors LLC’s holdings in United Parcel Service were worth $19,011,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of United Parcel Service by 6.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock worth $12,676,000 after purchasing an additional 5,373 shares during the period. Tocqueville Asset Management L.P. grew its stake in United Parcel Service by 880.2% in the first quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company’s stock valued at $3,304,000 after acquiring an additional 19,964 shares during the period. M&G Plc acquired a new position in United Parcel Service in the first quarter valued at about $9,766,000. Mizuho Markets Americas LLC acquired a new position in United Parcel Service in the first quarter valued at about $395,000. Finally, Pinkerton Retirement Specialists LLC grew its stake in United Parcel Service by 62.5% in the first quarter. Pinkerton Retirement Specialists LLC now owns 24,823 shares of the transportation company’s stock valued at $3,689,000 after acquiring an additional 9,545 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE:UPS traded up $0.09 on Friday, hitting $132.73. The company’s stock had a trading volume of 387,923 shares, compared to its average volume of 4,156,115. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $132.37 and a two-hundred day moving average of $134.86. The firm has a market capitalization of $113.69 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPS. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday. Bank of America boosted their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group boosted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service 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.