KCM Investment Advisors LLC Sells 29,514 Shares of United Parcel Service, Inc. $UPS

KCM Investment Advisors LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 52.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,079 shares of the transportation company’s stock after selling 29,514 shares during the period. KCM Investment Advisors LLC’s holdings in United Parcel Service were worth $2,262,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UPS. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 0.6% in the third quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock valued at $5,619,730,000 after acquiring an additional 372,850 shares during the period. State Street Corp lifted its stake in United Parcel Service by 1.5% in the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after purchasing an additional 444,384 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 3.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock valued at $2,603,459,000 after purchasing an additional 746,667 shares during the period. Geode Capital Management LLC grew its position in shares of United Parcel Service by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after purchasing an additional 762,407 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $851,842,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $103.96 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $123.70. The company has a fifty day moving average of $110.05 and a 200-day moving average of $97.36. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company earned $2.75 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.3%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UPS. Stifel Nicolaus lifted their price objective on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. UBS Group raised their price target on United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Truist Financial raised their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company increased their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average price target of $113.67.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.