Palouse Capital Management Inc. Has $2 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Palouse Capital Management Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,703 shares of the transportation company’s stock after selling 1,414 shares during the period. Palouse Capital Management Inc.’s holdings in United Parcel Service were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Aspire Private Capital LLC increased its holdings in shares of United Parcel Service by 0.3% in the first quarter. Aspire Private Capital LLC now owns 18,392 shares of the transportation company’s stock valued at $3,568,000 after purchasing an additional 60 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN increased its holdings in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UPS shares. Susquehanna reissued a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Oppenheimer reaffirmed an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. BMO Capital Markets upped their price objective on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $165.61.

United Parcel Service Trading Up 0.0 %

Shares of United Parcel Service stock traded up $0.03 on Friday, reaching $142.77. 5,064,272 shares of the company’s stock were exchanged, compared to its average volume of 4,320,233. The company has a market capitalization of $121.73 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The firm’s 50-day moving average is $149.48 and its two-hundred day moving average is $151.19. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period last year, the business earned $3.62 EPS. United Parcel Service’s quarterly revenue was down 7.8% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.57%. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

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.