Cooper Financial Group Sells 12,339 Shares of United Parcel Service, Inc. $UPS

Cooper Financial Group reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 21.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,639 shares of the transportation company’s stock after selling 12,339 shares during the period. Cooper Financial Group’s holdings in United Parcel Service were worth $4,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in United Parcel Service during the second quarter worth approximately $277,000. SVB Wealth LLC bought a new stake in United Parcel Service during the second quarter worth approximately $848,000. TD Waterhouse Canada Inc. raised its position in United Parcel Service by 7.9% during the second quarter. TD Waterhouse Canada Inc. now owns 29,232 shares of the transportation company’s stock valued at $3,070,000 after purchasing an additional 2,141 shares during the period. Finally, Prudential PLC raised its position in United Parcel Service by 32.5% during the second quarter. Prudential PLC now owns 13,928 shares of the transportation company’s stock valued at $1,406,000 after purchasing an additional 3,414 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

UPS opened at $95.94 on Friday. The company has a market capitalization of $81.46 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.51 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day simple moving average is $109.19 and its 200-day simple moving average is $98.30.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.8%. United Parcel Service’s payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UPS shares. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Oppenheimer lifted their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Stephens boosted their price objective on shares of United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.67.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.