Harbour Trust & Investment Management Co Has $613,000 Stake in United Parcel Service, Inc. $UPS

Harbour Trust & Investment Management Co raised its position in United Parcel Service, Inc. (NYSE:UPS) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,077 shares of the transportation company’s stock after buying an additional 234 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in United Parcel Service were worth $613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Founders Capital Management LLC grew its stake in shares of United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after acquiring an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth approximately $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service during the 1st quarter worth approximately $37,000. Capital CS Group LLC grew its position in shares of United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after purchasing an additional 8,070 shares in the last quarter. Finally, CX Institutional increased its stake in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after acquiring an additional 17,152 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock valued at $1,477,382 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup lowered their price objective on United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday. Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Morgan Stanley decreased their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 30th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.31.

United Parcel Service Trading Up 0.4%

Shares of UPS stock opened at $83.20 on Tuesday. The firm has a market capitalization of $70.51 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.53 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $85.70 and its 200 day simple moving average is $94.04.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

United Parcel Service Company 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.