Westover Capital Advisors LLC Has $683,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Westover Capital Advisors LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,416 shares of the transportation company’s stock after selling 1,748 shares during the period. Westover Capital Advisors LLC’s holdings in United Parcel Service were worth $683,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UPS. Two Sigma Advisers LP raised its holdings in United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after buying an additional 1,851,900 shares during the period. Van ECK Associates Corp raised its holdings in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after buying an additional 1,378,136 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares during the period. Nordea Investment Management AB raised its holdings in United Parcel Service by 30.7% during the 4th quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock worth $367,300,000 after buying an additional 685,259 shares during the period. Finally, State Street Corp raised its holdings in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after buying an additional 613,409 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Susquehanna lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup lowered their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Bank of America lowered their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Trading Up 0.2 %

UPS stock opened at $119.27 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a fifty day moving average price of $122.28 and a two-hundred day moving average price of $128.03. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The stock has a market cap of $101.88 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm earned $2.47 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is presently 97.04%.

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.