Harbour Investments Inc. Buys 517 Shares of United Parcel Service, Inc. (NYSE:UPS)

Harbour Investments Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,507 shares of the transportation company’s stock after purchasing an additional 517 shares during the period. Harbour Investments Inc.’s holdings in United Parcel Service were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. IFS Advisors LLC grew its stake in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Whipplewood Advisors LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $34,000. Hopwood Financial Services Inc. bought a new stake in United Parcel Service during the 4th quarter worth approximately $35,000. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service during the 3rd quarter worth approximately $36,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Loop Capital decreased their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, Stifel Nicolaus decreased their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Performance

UPS stock opened at $118.13 on Tuesday. The business’s fifty day moving average is $120.79 and its 200-day moving average is $127.32. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market cap of $100.91 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm posted $2.47 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.55%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

About United Parcel Service

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.