United Parcel Service, Inc. (NYSE:UPS) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,834 shares of the transportation company’s stock after selling 23,607 shares during the period. KCM Investment Advisors LLC’s holdings in United Parcel Service were worth $14,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacific Sage Partners LLC increased its position in shares of United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after acquiring an additional 77 shares during the period. Quent Capital LLC grew its stake in United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Gleason Group Inc. increased its holdings in United Parcel Service by 1.3% during the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after purchasing an additional 84 shares during the period. Dunhill Financial LLC raised its position in United Parcel Service by 4.9% in the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock valued at $250,000 after purchasing an additional 86 shares in the last quarter. Finally, Weaver Consulting Group boosted its stake in shares of United Parcel Service by 3.0% in the 3rd quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock valued at $416,000 after buying an additional 89 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 2.5 %

UPS opened at $97.62 on Friday. The business has a 50 day moving average price of $115.82 and a two-hundred day moving average price of $125.64. United Parcel Service, Inc. has a 52 week low of $96.57 and a 52 week high of $153.42. The company has a market cap of $83.39 billion, a PE ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm earned $2.47 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

Analysts Set New Price Targets

A number of analysts recently weighed in on UPS shares. Loop Capital cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Barclays reduced their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Bank of America cut their price target on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus lowered their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $133.18.

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.