KCM Investment Advisors LLC Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

KCM Investment Advisors LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 139,441 shares of the transportation company's stock after selling 5,400 shares during the period. KCM Investment Advisors LLC's holdings in United Parcel Service were worth $19,011,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of United Parcel Service by 6.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company's stock valued at $12,676,000 after purchasing an additional 5,373 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in United Parcel Service by 880.2% in the first quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company's stock valued at $3,304,000 after acquiring an additional 19,964 shares during the last quarter. M&G Plc acquired a new stake in United Parcel Service during the 1st quarter worth $9,766,000. Mizuho Markets Americas LLC acquired a new stake in United Parcel Service during the 1st quarter worth $395,000. Finally, Pinkerton Retirement Specialists LLC raised its position in shares of United Parcel Service by 62.5% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 24,823 shares of the transportation company's stock valued at $3,689,000 after acquiring an additional 9,545 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.1 %

Shares of NYSE:UPS traded up $1.46 during trading on Friday, hitting $134.10. 3,336,411 shares of the company were exchanged, compared to its average volume of 4,169,392. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $114.86 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.19 and a beta of 0.99. The firm has a fifty day moving average price of $132.37 and a two-hundred day moving average price of $134.86.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service's payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Susquehanna raised their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, July 24th. UBS Group increased their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Barclays reissued an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $151.52.

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.