Everence Capital Management Inc. Has $4.54 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Everence Capital Management Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 28,870 shares of the transportation company’s stock after purchasing an additional 755 shares during the period. Everence Capital Management Inc.’s holdings in United Parcel Service were worth $4,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UPS. OFI Invest Asset Management bought a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $25,000. IMA Wealth Inc. grew its position in United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Pacific Center for Financial Services bought a new stake in United Parcel Service during the 1st quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the 4th quarter worth approximately $26,000. Finally, Worth Asset Management LLC bought a new stake in United Parcel Service during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.96 on Tuesday, reaching $142.89. 4,190,756 shares of the company traded hands, compared to its average volume of 4,307,930. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company has a 50 day moving average of $149.81 and a 200 day moving average of $151.49. The firm has a market capitalization of $121.84 billion, a PE ratio of 18.36, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the firm earned $3.62 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 8.21 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. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.56%. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Evercore ISI reissued an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. Oppenheimer reaffirmed an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $150.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $165.61.

Insider Buying and Selling

In other news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

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.