Coho Partners Ltd. Sells 71,552 Shares of United Parcel Service, Inc. $UPS

Coho Partners Ltd. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 244,973 shares of the transportation company’s stock after selling 71,552 shares during the quarter. United Parcel Service accounts for about 1.8% of Coho Partners Ltd.’s holdings, making the stock its 29th biggest position. Coho Partners Ltd.’s holdings in United Parcel Service were worth $24,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the 1st quarter valued at $26,000. Citizens National Bank Trust Department increased its holdings in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management increased its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in shares of United Parcel Service in the first quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth about $33,000. 60.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

UPS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, Bank of America cut their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $85.66 on Friday. The company has a 50 day moving average of $85.59 and a 200-day moving average of $93.73. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $72.60 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service’s dividend payout ratio is 97.62%.

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.