Harbour Trust & Investment Management Co Has $643,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Harbour Trust & Investment Management Co lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,843 shares of the transportation company’s stock after selling 1,259 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in United Parcel Service were worth $643,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UPS. Altus Wealth Group LLC boosted its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 89 shares in the last quarter. Colonial Trust Co SC lifted its stake in shares of United Parcel Service by 1.4% in the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after acquiring an additional 98 shares during the period. Juncture Wealth Strategies LLC boosted its position in United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 101 shares during the last quarter. TCV Trust & Wealth Management Inc. grew its position in shares of United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after buying an additional 103 shares during the period. Finally, Cohen & Steers Inc. increased its position in United Parcel Service by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company’s stock valued at $259,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 3.4%

NYSE:UPS opened at $104.41 on Wednesday. The company has a market cap of $88.41 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a 50 day simple moving average of $98.43 and a two-hundred day simple moving average of $110.20. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Truist Financial decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Oppenheimer reduced their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average price target of $120.26.

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.