Harbour Investments Inc. Buys 673 Shares of United Parcel Service, Inc. (NYSE:UPS)

Harbour Investments Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,990 shares of the transportation company’s stock after purchasing an additional 673 shares during the period. Harbour Investments Inc.’s holdings in United Parcel Service were worth $1,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. Natixis purchased a new position in shares of United Parcel Service during the 1st quarter worth about $121,000. Cohen Investment Advisors LLC grew its holdings in United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares during the last quarter. Financial Partners Group LLC raised its position in United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after purchasing an additional 5,069 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. boosted its position in shares of United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock valued at $1,988,000 after buying an additional 6,073 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPS. The Goldman Sachs Group reduced their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Citigroup reduced their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Evercore ISI upped their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Performance

UPS stock opened at $133.72 on Thursday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a market cap of $114.54 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.14 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day simple moving average of $132.17 and a two-hundred day simple moving average of $134.88.

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 analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.