Westover Capital Advisors LLC Sells 162 Shares of United Parcel Service, Inc. (NYSE:UPS)

Westover Capital Advisors LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,111 shares of the transportation company’s stock after selling 162 shares during the quarter. United Parcel Service accounts for 1.2% of Westover Capital Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Westover Capital Advisors LLC’s holdings in United Parcel Service were worth $3,634,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in shares of United Parcel Service by 8.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,461 shares of the transportation company’s stock worth $230,000 after buying an additional 112 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of United Parcel Service by 44.1% during the 4th quarter. Natixis Advisors L.P. now owns 221,338 shares of the transportation company’s stock valued at $34,801,000 after acquiring an additional 67,713 shares during the period. Mechanics Financial Corp increased its stake in shares of United Parcel Service by 3.5% in the 4th quarter. Mechanics Financial Corp now owns 2,802 shares of the transportation company’s stock worth $441,000 after purchasing an additional 95 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its stake in shares of United Parcel Service by 42.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 8,101 shares of the transportation company’s stock worth $1,274,000 after purchasing an additional 2,426 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in United Parcel Service by 14.3% in the 4th quarter. First Trust Direct Indexing L.P. now owns 14,228 shares of the transportation company’s stock worth $2,237,000 after purchasing an additional 1,780 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Oppenheimer boosted their price objective on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Bank of America upped their price objective on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Susquehanna boosted their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $165.23.

Insider Buying and Selling

In other news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Up 0.7 %

United Parcel Service stock traded up $1.05 during midday trading on Thursday, reaching $146.97. The stock had a trading volume of 1,339,572 shares, compared to its average volume of 4,234,065. The firm has a market cap of $125.31 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average of $149.49 and a 200 day moving average of $150.76. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.44%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.