KCM Investment Advisors LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,032 shares of the transportation company’s stock after purchasing an additional 5,710 shares during the period. KCM Investment Advisors LLC’s holdings in United Parcel Service were worth $11,085,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its position in shares of United Parcel Service by 775.8% in the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock worth $305,978,000 after acquiring an additional 2,450,868 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $76,351,000. Bank of New York Mellon Corp boosted its position in shares of United Parcel Service by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock worth $725,311,000 after acquiring an additional 577,544 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $59,380,000. Finally, Mackenzie Financial Corp boosted its position in shares of United Parcel Service by 18.2% in the fourth quarter. Mackenzie Financial Corp now owns 2,790,072 shares of the transportation company’s stock worth $332,437,000 after acquiring an additional 428,742 shares during the last quarter. 54.03% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on UPS shares. Loop Capital raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.61 to $128.00 in a research report on Monday, February 26th. BMO Capital Markets raised their target price on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $125.21.
In other news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.59% of the company’s stock.
United Parcel Service stock opened at $106.21 on Thursday. The firm has a market cap of $93,080.05, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $135.53.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The firm had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. United Parcel Service’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. equities research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio (DPR) is currently 64.77%.
ILLEGAL ACTIVITY NOTICE: “KCM Investment Advisors LLC Has $11.09 Million Holdings in United Parcel Service, Inc. (UPS)” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/03/22/kcm-investment-advisors-llc-has-11-09-million-holdings-in-united-parcel-service-inc-ups.html.
United Parcel Service Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.