Westover Capital Advisors LLC Sells 162 Shares of United Parcel Service, Inc. (NYSE:UPS)

Westover Capital Advisors LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,111 shares of the transportation company’s stock after selling 162 shares during the period. United Parcel Service accounts for 1.2% of Westover Capital Advisors LLC’s portfolio, making the stock its 23rd largest holding. Westover Capital Advisors LLC’s holdings in United Parcel Service were worth $3,634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. Harbor Capital Advisors Inc. boosted its holdings in shares of United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN lifted its holdings in shares of United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after buying an additional 65 shares in the last quarter. Gleason Group Inc. boosted its position 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 acquiring an additional 66 shares during the period. Advisors Capital Management LLC raised its stake in United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC boosted its holdings in United Parcel Service by 0.3% in the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after purchasing an additional 69 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.7 %

NYSE UPS traded up $1.05 on Thursday, hitting $146.97. 1,339,572 shares of the company were exchanged, compared to its average volume of 4,234,065. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market cap of $125.31 billion, a PE ratio of 21.32, a PEG ratio of 1.69 and a beta of 1.05. The stock has a fifty day moving average of $149.49 and a 200-day moving average of $150.76.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the previous year, the company posted $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.44%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on UPS shares. BMO Capital Markets boosted their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Bank of America boosted their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Oppenheimer upped their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $165.23.

Insiders Place Their Bets

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.