United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Silver Coast Investments LLC

Silver Coast Investments LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 108.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,363 shares of the transportation company’s stock after acquiring an additional 2,267 shares during the period. Silver Coast Investments LLC’s holdings in United Parcel Service were worth $595,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC increased its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the period. Finally, PSI Advisors LLC boosted its holdings in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. Oppenheimer boosted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. BMO Capital Markets decreased their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI raised their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Performance

UPS stock traded up $0.73 on Friday, reaching $134.79. The company’s stock had a trading volume of 410,941 shares, compared to its average volume of 4,185,494. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The company has a market capitalization of $115.46 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The firm has a fifty day moving average of $131.38 and a two-hundred day moving average of $135.71.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 98.49%.

About United Parcel Service

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.