K.J. Harrison & Partners Inc Invests $1 Million in United Parcel Service, Inc. (NYSE:UPS)

K.J. Harrison & Partners Inc bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,375 shares of the transportation company’s stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UPS. Harbor Capital Advisors Inc. boosted its stake in United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after buying an additional 64 shares during the last quarter. First Financial Corp IN grew its stake in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after buying an additional 65 shares during the period. Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after buying an additional 66 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC grew its position in United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets upped their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday. Bank of America increased their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays decreased their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley increased their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Finally, Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $165.23.

Insiders Place Their Bets

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of UPS stock traded up $0.20 during trading hours on Friday, hitting $147.59. The stock had a trading volume of 2,607,558 shares, compared to its average volume of 3,897,331. The stock’s 50 day moving average is $149.56 and its 200 day moving average is $150.96. The firm has a market capitalization of $125.84 billion, a PE ratio of 21.38, a PEG ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a 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.