Harbour Investments Inc. Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Harbour Investments Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,990 shares of the transportation company’s stock after purchasing an additional 673 shares during the period. Harbour Investments Inc.’s holdings in United Parcel Service were worth $1,635,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UPS. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service in the second quarter worth $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the period. Finally, PSI Advisors LLC boosted its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UPS. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Oppenheimer boosted their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus raised their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup lowered their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Trading Up 2.8 %

Shares of UPS stock opened at $133.72 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $114.54 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock’s 50-day moving average price is $132.17 and its 200-day moving average price is $134.88.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.