KCM Investment Advisors LLC has reduced its position in United Parcel Service, Inc. (NYSE: UPS) by 0.7% in the third quarter, according to the latest notification 13F to the Securities and Exchange Commission. The company had 90,994 shares in the transport company after the sale of 604 shares in that period. The shares of KCM Investment Advisors LLC in United Parcel Service amounted to USD 10,611,000 at the end of the last quarter.
Other institutional investors have also recently bought and sold company shares. Legacy Financial Advisors Inc. acquired a new stake in United Parcel Service in the second quarter of approximately USD 111,000. Psagot Investment House Ltd. acquired a new stake in United Parcel Service in the third quarter of approximately USD 121,000. Monet Group Investment Advisors LLC raised its share in United Parcel Service by 118.8% in the second quarter. The Group Investment Advisors LLC coin currently owns 1,105 shares in the transport company worth $ 117,000 after the purchase of an additional 600 shares in the last quarter. The Wealth Management Group has signed a new stake in United Parcel Service in the second quarter of approximately USD 118,000. Finally, Advisors Preferred LLC raised its stake in United Parcel Service by 855.8% in the second quarter. Advisors Preferred LLC currently has 1,135 shares in the transport company worth USD 122,000 after the purchase of an additional 1,015 shares in the last quarter. 53.58% of shares are owned by hedge funds and other institutional investors.
In other news, COO James J. Barber sold 2,500 shares in the transaction on Monday, August 20. The shares were sold at an average price of USD 121.94 for a total amount of USD 304,850.00. The sale was disclosed in a document filed with the SEC, available on the SEC website. In addition, confidential George Willis sold 4,312 shares in the transaction on Thursday, August 23. The shares were sold at an average price of USD 121.34 for a total of USD 523,218.08. The disclosure of this sale can be found here. 0.56% of shares are currently owned by people with corporate experience.
Several analysts have recently commented on UPS shares. Zacks Investment Research raised United Parcel Service shares from the "hold" rating to the "buy" level and set a target price of USD 133.00 for the company in a research note on Friday, August 3. Loop Capital raised the target price for United Parcel Service shares to USD 145.00 and gave the company a "positive" rating in the research note on Friday, September 14. The Goldman Sachs Group set a target price of USD 150 for shares of United Parcel Service and on Monday 10 September it gave the company a "buy" rating. KeyCorp began taking over the shares of United Parcel Service in a research note on Thursday, 27 September. They set a "sector mass index" for the company. They noticed that the move was a call for valuation. Finally, Raymond James raised United Parcel Service shares from the "market results" rating to the "strong purchase" rating and set the target price of $ 150 for the company in a research note on Tuesday, September 4. One of the analysts rated stocks with a sales rating, fourteen awarded a rating, six rated a purchase, and one gave a strong buy recommendation for the company. The company currently has a consensus Hold rating and a target consensus price of USD 125.66.
United Parcel Service shares opened on Wednesday at USD 109.40. The company has a market capitalization of USD 92.56 billion, a price / ear ratio of 18.20, a P / E / G ratio of 1.61 and a beta ratio of 1.14. The company has a liquidity ratio at 1.14, fast liquidity ratio 1.14 and debt ratio of equity at 6.43. United Parcel Service, Inc. has the lowest level of 12 months in the amount of 101.45 $ and the highest level of 12 months in the amount of 133.53 USD.
United Parcel Service (NYSE: UPS) has recently released its quarterly data on Wednesday, October 24. The transport company recorded $ 1.82 per share per quarter, in line with Thomson Reuters consensus at $ 1.82. The company generated revenues of $ 17.44 billion for the quarter, compared to analysts' estimates of $ 17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company's revenues for this quarter increased by 7.9% compared to the same quarter last year. In the same quarter last year, the company earned 1.45 USD. Analysts investigating the capital market predict that United Parcel Service, Inc. will publish 7.23 earnings per share this year.
Recently, the company also disclosed a quarterly dividend that will be paid on Wednesday, December 5. Shareholders of the company will receive a dividend of USD 0.91 on Monday 19 November. The dividend date without the right to dividend is Friday, November 16. This represents a dividend of 3.64 USD annualized and yielded 3.33%. The United Parcel Service dividend payout ratio is currently 60.57%.
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About United Parcel Service
United Parcel Service, Inc provides letter and parcel shipments, specialized transport, logistics and financial services. It operates in three segments: the US domestic package, the international package and the supply and freight chain. The package of the American national package enables delivery of letters, documents, small packages and palletised cargo through air and ground services in the United States at a given time.
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