KLCM Advisors Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 6.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 193,814 shares of the transportation company’s stock after selling 14,274 shares during the quarter. United Parcel Service makes up about 1.7% of KLCM Advisors Inc.’s investment portfolio, making the stock its 9th largest position. KLCM Advisors Inc.’s holdings in United Parcel Service were worth $19,224,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its stake in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $277,000. SVB Wealth LLC purchased a new position in shares of United Parcel Service in the second quarter worth $848,000. Treasurer of the State of North Carolina boosted its position in shares of United Parcel Service by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after acquiring an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of United Parcel Service by 154.5% during the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after acquiring an additional 63,629 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Price Performance
United Parcel Service stock opened at $100.03 on Tuesday. The company has a market cap of $84.93 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.60 and a beta of 1.06. The firm’s fifty day moving average is $101.88 and its 200 day moving average is $102.40. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.6%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Citigroup increased their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday. UBS Group reduced their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Evercore dropped their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.87.
View Our Latest Stock Analysis on United Parcel Service
About United Parcel Service
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.
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