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

KCM Investment Advisors LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service during the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC increased its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets lowered their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, Susquehanna raised their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

UPS traded up $0.09 during trading on Friday, hitting $132.73. The company’s stock had a trading volume of 387,923 shares, compared to its average volume of 4,156,115. The firm’s 50 day moving average price is $132.37 and its two-hundred day moving average price is $134.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a market capitalization of $113.69 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.91%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.