Everett Harris & Co. CA Has $13.39 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Everett Harris & Co. CA lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,231 shares of the transportation company’s stock after selling 1,391 shares during the quarter. Everett Harris & Co. CA’s holdings in United Parcel Service were worth $13,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UPS. Blackston Financial Advisory Group LLC boosted its holdings in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of United Parcel Service by 0.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after acquiring an additional 73 shares in the last quarter. MV Capital Management Inc. increased its position in shares of United Parcel Service by 8.6% in the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 77 shares during the last quarter. Finally, Gleason Group Inc. raised its holdings in United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on UPS shares. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. UBS Group lowered their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI dropped their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Finally, Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded up $0.52 during trading on Friday, reaching $135.93. The company’s stock had a trading volume of 3,237,527 shares, compared to its average volume of 4,186,706. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $130.21 and its 200-day moving average price is $136.66. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The firm has a market cap of $116.43 billion, a PE ratio of 22.18, a P/E/G ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm earned $2.54 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

About United Parcel Service

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.