Everett Harris & Co. CA Has $12.04 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Everett Harris & Co. CA cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,438 shares of the transportation company's stock after selling 2,793 shares during the quarter. Everett Harris & Co. CA's holdings in United Parcel Service were worth $12,035,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quarry LP increased its stake in United Parcel Service by 453.6% during the 2nd quarter. Quarry LP now owns 537 shares of the transportation company's stock worth $73,000 after purchasing an additional 440 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in United Parcel Service by 67.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company's stock valued at $102,000 after acquiring an additional 300 shares in the last quarter. AMF Tjanstepension AB boosted its stake in United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company's stock worth $14,793,000 after purchasing an additional 30,815 shares during the period. Czech National Bank raised its stake in shares of United Parcel Service by 7.4% in the 3rd quarter. Czech National Bank now owns 149,220 shares of the transportation company's stock valued at $20,345,000 after purchasing an additional 10,227 shares during the period. Finally, Farmers Trust Co. lifted its holdings in shares of United Parcel Service by 14.1% in the third quarter. Farmers Trust Co. now owns 3,036 shares of the transportation company's stock valued at $414,000 after purchasing an additional 375 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UPS shares. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Bank of America lowered their price target on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday. UBS Group reduced their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a research note on Friday. Finally, Oppenheimer upped their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.95.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Trading Down 0.6 %

UPS opened at $114.19 on Friday. The company's 50 day moving average price is $128.72 and its two-hundred day moving average price is $130.61. The firm has a market capitalization of $97.45 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.88 and a beta of 1.00. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results 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 return on equity of 37.38% and a net margin of 6.25%. During the same quarter last year, the company posted $2.47 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.71%. United Parcel Service's payout ratio is 98.49%.

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.

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