Golden State Equity Partners Sells 614 Shares of United Parcel Service, Inc. (NYSE:UPS)

Golden State Equity Partners lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,986 shares of the transportation company’s stock after selling 614 shares during the quarter. Golden State Equity Partners’ holdings in United Parcel Service were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Capital Inc. lifted its stake in United Parcel Service by 24.6% during the fourth quarter. Cornerstone Capital Inc. now owns 4,152 shares of the transportation company’s stock worth $653,000 after purchasing an additional 820 shares during the last quarter. Spinnaker Trust lifted its stake in United Parcel Service by 5.8% during the fourth quarter. Spinnaker Trust now owns 48,479 shares of the transportation company’s stock worth $7,622,000 after purchasing an additional 2,650 shares during the last quarter. Kovack Advisors Inc. lifted its stake in United Parcel Service by 2.7% during the fourth quarter. Kovack Advisors Inc. now owns 4,388 shares of the transportation company’s stock worth $690,000 after purchasing an additional 117 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in United Parcel Service during the fourth quarter worth about $1,002,000. Finally, AM Investment Strategies LLC lifted its stake in United Parcel Service by 16.7% during the fourth quarter. AM Investment Strategies LLC now owns 13,293 shares of the transportation company’s stock worth $2,090,000 after purchasing an additional 1,898 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UPS shares. Susquehanna lifted their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, April 3rd. Stifel Nicolaus decreased their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Raymond James decreased their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Finally, Morgan Stanley lifted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $165.23.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.1 %

Shares of UPS stock traded up $0.20 during midday trading on Friday, reaching $147.59. 2,607,558 shares of the stock were exchanged, compared to its average volume of 3,897,331. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company’s 50 day moving average is $149.56 and its two-hundred day moving average is $150.96. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm has a market cap of $125.84 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the firm posted $2.20 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is currently 94.49%.

United Parcel Service 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.