Cooper Financial Group Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Cooper Financial Group grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 353.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 65,907 shares of the transportation company’s stock after acquiring an additional 51,360 shares during the period. United Parcel Service comprises about 1.0% of Cooper Financial Group’s holdings, making the stock its 19th largest holding. Cooper Financial Group’s holdings in United Parcel Service were worth $8,311,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UPS. Future Financial Wealth Managment LLC grew its holdings in shares of United Parcel Service by 5.3% during the fourth quarter. Future Financial Wealth Managment LLC now owns 5,100 shares of the transportation company’s stock valued at $643,000 after buying an additional 255 shares during the last quarter. Wedmont Private Capital lifted its stake in United Parcel Service by 30.2% during the 4th quarter. Wedmont Private Capital now owns 3,133 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 726 shares during the period. Adams Asset Advisors LLC boosted its holdings in shares of United Parcel Service by 137.2% during the 4th quarter. Adams Asset Advisors LLC now owns 40,769 shares of the transportation company’s stock valued at $5,141,000 after acquiring an additional 23,584 shares during the last quarter. Agate Pass Investment Management LLC bought a new position in United Parcel Service during the fourth quarter valued at approximately $603,000. Finally, Brookstone Capital Management lifted its holdings in shares of United Parcel Service by 10.9% during the 4th quarter. Brookstone Capital Management now owns 108,837 shares of the transportation company’s stock valued at $13,724,000 after buying an additional 10,655 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 1.2 %

Shares of NYSE:UPS traded up $1.42 during trading on Monday, reaching $124.70. 3,822,151 shares of the company were exchanged, compared to its average volume of 4,104,106. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $106.42 billion, a PE ratio of 18.84, a P/E/G ratio of 2.11 and a beta of 1.00. The business’s fifty day simple moving average is $129.54 and its 200-day simple moving average is $131.16. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. UBS Group upped their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group reduced their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

United Parcel Service Company 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.