Dover Advisors LLC Has $312,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Dover Advisors LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 27.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,983 shares of the transportation company’s stock after selling 736 shares during the quarter. Dover Advisors LLC’s holdings in United Parcel Service were worth $312,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in United Parcel Service in the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the 4th quarter valued at $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service in the 4th quarter valued at $28,000. Bourgeon Capital Management LLC acquired a new stake in United Parcel Service in the 4th quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC lifted its stake in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $150.00 to $170.00 in a research note on Thursday. BMO Capital Markets raised their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Bank of America lifted their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $165.23.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

United Parcel Service Price Performance

UPS stock traded up $0.20 during mid-day trading on Friday, reaching $147.59. 2,607,558 shares of the company traded hands, compared to its average volume of 3,897,331. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $125.84 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The company has a fifty day moving average price of $149.56 and a 200-day moving average price of $150.90.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders 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. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. United Parcel Service’s payout ratio is presently 94.49%.

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.