4,620 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Coign Capital Advisors LLC

Coign Capital Advisors LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,620 shares of the transportation company's stock, valued at approximately $583,000.

Several other large investors have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in shares of United Parcel Service by 15.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 13,027 shares of the transportation company's stock worth $1,774,000 after buying an additional 1,742 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of United Parcel Service by 52.8% in the third quarter. Toronto Dominion Bank now owns 369,597 shares of the transportation company's stock worth $50,391,000 after acquiring an additional 127,734 shares during the last quarter. Diamant Asset Management Inc. boosted its stake in shares of United Parcel Service by 2.8% in the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company's stock valued at $554,000 after purchasing an additional 110 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in shares of United Parcel Service by 12.2% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company's stock valued at $2,337,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Eaton Financial Holdings Company LLC acquired a new position in United Parcel Service during the 3rd quarter worth approximately $1,021,000. Institutional investors and hedge funds own 60.26% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UPS. Citigroup lowered their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Loop Capital dropped their target price on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. Baird R W cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Evercore ISI upped their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price on shares of United Parcel Service from $128.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average price target of $131.32.

United Parcel Service Stock Up 0.4 %

UPS stock traded up $0.39 during trading on Friday, reaching $96.95. 5,542,916 shares of the stock were exchanged, compared to its average volume of 4,811,646. The firm has a market cap of $82.81 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The firm's 50 day moving average is $112.11 and its 200 day moving average is $123.97. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the company posted $2.47 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.77%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is 97.04%.

United Parcel Service 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.