Everett Harris & Co. CA Has $16.34 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Everett Harris & Co. CA decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,907 shares of the transportation company’s stock after selling 820 shares during the period. Everett Harris & Co. CA’s holdings in United Parcel Service were worth $16,337,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. RB Capital Management LLC boosted its position in United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after purchasing an additional 81 shares during the period. Ergoteles LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth about $1,162,000. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after buying an additional 112 shares during the period. First Western Trust Bank acquired a new position in United Parcel Service in the 1st quarter valued at about $515,000. Finally, Stevens Capital Management LP bought a new position in United Parcel Service in the 1st quarter valued at about $701,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPS shares. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday. Raymond James reduced their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, Susquehanna restated a “neutral” rating and issued a $150.00 price target on shares of United Parcel Service in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $169.45.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS traded up $3.54 during mid-day trading on Wednesday, reaching $147.33. The company had a trading volume of 7,006,600 shares, compared to its average volume of 4,416,325. The company has a market capitalization of $125.62 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The company’s 50 day simple moving average is $150.79 and its 200 day simple moving average is $152.28. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.62 EPS. Analysts expect that United Parcel Service, Inc. will post 8.29 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is presently 83.70%.

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.