GUNN & Co INVESTMENT MANAGEMENT INC. Has $34.89 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

GUNN & Co INVESTMENT MANAGEMENT INC. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 1,369.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,900 shares of the transportation company’s stock after buying an additional 206,803 shares during the quarter. United Parcel Service accounts for 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. MWA Asset Management bought a new stake in shares of United Parcel Service during the 3rd quarter valued at approximately $2,125,000. Chesapeake Wealth Management grew its stake in shares of United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after buying an additional 103 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after buying an additional 44,721 shares in the last quarter. CapWealth Advisors LLC lifted its stake in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its holdings in shares of United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.5 %

UPS opened at $146.43 on Friday. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The firm has a market capitalization of $124.85 billion, a PE ratio of 21.22, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The company’s 50-day moving average is $149.39 and its 200 day moving average is $150.67.

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. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UPS shares. Morgan Stanley upped 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. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Raymond James decreased their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Stifel Nicolaus lowered their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. One equities research 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.com, the company currently has a consensus rating of “Hold” and an average price target of $165.23.

About United Parcel Service

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.