GUNN & Co INVESTMENT MANAGEMENT INC. Acquires 206,803 Shares of United Parcel Service, Inc. (NYSE:UPS)

GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1,369.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 221,900 shares of the transportation company’s stock after acquiring an additional 206,803 shares during the period. United Parcel Service comprises about 2.3% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 24th largest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in United Parcel Service were worth $34,889,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its stake in shares of United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN lifted its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after buying an additional 65 shares during the period. Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after buying an additional 66 shares in the last quarter. Advisors Capital Management LLC increased its stake in shares of United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC lifted its position in United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after acquiring an additional 69 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UPS. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Susquehanna lifted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI reissued an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Oppenheimer lifted their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. One 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 assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Trading Down 0.5 %

NYSE:UPS opened at $146.43 on Friday. The company has a 50 day simple moving average of $149.39 and a two-hundred day simple moving average of $150.67. The company has a market cap of $124.85 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98.

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 company posted $2.20 earnings per share. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) 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.