Marble Harbor Investment Counsel LLC Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Marble Harbor Investment Counsel LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,050 shares of the transportation company’s stock after selling 250 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in United Parcel Service were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of UPS. Allred Capital Management LLC lifted its holdings in shares of United Parcel Service by 1.4% during the first quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock valued at $799,000 after acquiring an additional 100 shares during the period. Community Bank N.A. raised its holdings in shares of United Parcel Service by 0.6% in the first quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock valued at $1,802,000 after buying an additional 100 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of United Parcel Service by 22.8% in the first quarter. Howe & Rusling Inc. now owns 614 shares of the transportation company’s stock valued at $69,000 after buying an additional 114 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of United Parcel Service by 1.9% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 6,573 shares of the transportation company’s stock valued at $641,000 after buying an additional 122 shares during the last quarter. Finally, Buffington Mohr McNeal raised its holdings in shares of United Parcel Service by 3.0% in the fourth quarter. Buffington Mohr McNeal now owns 4,567 shares of the transportation company’s stock valued at $445,000 after buying an additional 131 shares during the last quarter. Institutional investors own 55.48% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective for the company in a research report on Thursday, May 23rd. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a research report on Thursday, May 30th. Berenberg Bank reiterated a “hold” rating and set a $125.00 price objective on shares of United Parcel Service in a report on Monday, March 25th. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a report on Wednesday, March 6th. Finally, Argus reiterated a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $119.05.

NYSE UPS traded up $1.57 on Friday, reaching $103.27. The stock had a trading volume of 2,905,276 shares, compared to its average volume of 3,254,704. The stock has a market capitalization of $88.73 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.54 and a beta of 1.19. United Parcel Service, Inc. has a 1-year low of $89.89 and a 1-year high of $125.09. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $98.95.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.03). The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th were given a $0.96 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.84 annualized dividend and a yield of 3.72%. United Parcel Service’s dividend payout ratio is presently 53.04%.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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