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

KCM Investment Advisors LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.9% in the 4th quarter, Holdings Channel reports. The firm owned 115,834 shares of the transportation company’s stock after selling 23,607 shares during the quarter. KCM Investment Advisors LLC’s holdings in United Parcel Service were worth $14,607,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $26,000. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $30,000. Finally, Whipplewood Advisors LLC acquired a new position in United Parcel Service during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 2.5 %

Shares of NYSE:UPS opened at $97.62 on Friday. United Parcel Service, Inc. has a 1 year low of $96.57 and a 1 year high of $153.42. The stock has a 50-day simple moving average of $115.82 and a 200-day simple moving average of $125.64. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market capitalization of $83.39 billion, a P/E ratio of 14.44, a PEG ratio of 1.55 and a beta of 0.94.

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

United Parcel Service Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America reduced their target price 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. Raymond James decreased their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.18.

About United Parcel Service

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.