Callan Family Office LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Callan Family Office LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 351.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,363 shares of the transportation company’s stock after acquiring an additional 6,509 shares during the period. Callan Family Office LLC’s holdings in United Parcel Service were worth $1,055,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Impax Asset Management Group plc increased its holdings in shares of United Parcel Service by 22.4% during the 3rd quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock worth $45,716,000 after buying an additional 61,360 shares during the last quarter. Graypoint LLC grew its position in United Parcel Service by 82.0% during the third quarter. Graypoint LLC now owns 3,052 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 1,375 shares during the period. Principal Financial Group Inc. increased its stake in United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of United Parcel Service in the 3rd quarter worth about $54,000. Finally, Easterly Investment Partners LLC lifted its stake in shares of United Parcel Service by 63.5% in the 3rd quarter. Easterly Investment Partners LLC now owns 11,076 shares of the transportation company’s stock valued at $1,510,000 after purchasing an additional 4,302 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.9 %

UPS opened at $121.59 on Friday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. 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 stock has a market capitalization of $103.85 billion, a PE ratio of 17.99, a P/E/G ratio of 1.55 and a beta of 0.94. The firm’s fifty day moving average price is $121.73 and its 200 day moving average price is $127.77.

United Parcel Service (NYSE:UPS) last issued 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 last year, the firm posted $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend 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 currently 97.04%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Susquehanna decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Bank of America decreased their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.00.

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.