K.J. Harrison & Partners Inc Purchases New Position in United Parcel Service, Inc. (NYSE:UPS)

K.J. Harrison & Partners Inc purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,375 shares of the transportation company's stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Alpha LLC increased its position in United Parcel Service by 11.3% during the 3rd quarter. Advisory Alpha LLC now owns 1,322 shares of the transportation company's stock worth $206,000 after purchasing an additional 134 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in United Parcel Service by 8.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,790 shares of the transportation company's stock worth $747,000 after purchasing an additional 381 shares in the last quarter. Investment Advisory Services Inc. TX ADV increased its position in United Parcel Service by 11.8% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 2,333 shares of the transportation company's stock worth $364,000 after purchasing an additional 247 shares in the last quarter. Grimes & Company Inc. increased its position in United Parcel Service by 3.9% during the 3rd quarter. Grimes & Company Inc. now owns 108,743 shares of the transportation company's stock worth $16,950,000 after purchasing an additional 4,125 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in United Parcel Service by 1.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,647 shares of the transportation company's stock worth $5,089,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UPS shares. Robert W. Baird upgraded United Parcel Service from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $183.00 to $179.00 and set a "buy" rating for the company in a research report on Thursday, March 28th. TheStreet raised shares of United Parcel Service from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. Susquehanna increased their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Morgan Stanley increased their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $165.23.

United Parcel Service Stock Up 0.1 %

UPS traded up $0.20 during trading hours on Friday, reaching $147.59. 2,607,558 shares of the stock traded hands, compared to its average volume of 3,897,331. The firm's fifty day simple moving average is $149.56 and its two-hundred day simple moving average is $150.93. The company has a market cap of $125.84 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business's revenue was down 5.3% on a year-over-year basis. During the same period last year, the business earned $2.20 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, February 16th. United Parcel Service's dividend payout ratio (DPR) is currently 94.49%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

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.