Harvest Investment Advisors LLC Takes Position in United Parcel Service, Inc. $UPS

Harvest Investment Advisors LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,377 shares of the transportation company’s stock, valued at approximately $1,327,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. University of Texas Texas AM Investment Management Co. purchased a new stake in United Parcel Service during the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service during the 4th quarter worth about $25,000. Coston McIsaac & Partners increased its position in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.2%

Shares of NYSE:UPS opened at $110.15 on Wednesday. The stock has a 50-day simple moving average of $103.68 and a 200-day simple moving average of $104.33. The stock has a market capitalization of $93.63 billion, a P/E ratio of 17.82, a PEG ratio of 1.73 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna upped their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Evercore dropped their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $111.50.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.