Golden State Equity Partners Has $784,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Golden State Equity Partners decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,986 shares of the transportation company’s stock after selling 614 shares during the quarter. Golden State Equity Partners’ holdings in United Parcel Service were worth $784,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UPS. OFI Invest Asset Management acquired a new position in shares of United Parcel Service during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was acquired at an average price 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $0.20 during 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’s 50 day moving average is $149.56 and its two-hundred day moving average is $150.96. The firm has a market capitalization of $125.84 billion, a PE ratio of 21.38, a PEG ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. 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 quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UPS shares. Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $170.00 in a report on Thursday. BMO Capital Markets boosted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. Finally, Raymond James decreased their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $165.23.

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.