Coordinated Financial Services Inc. CO Purchases Shares of 3,607 United Parcel Service, Inc. $UPS

Key Points

• Coordinated Financial Services Inc. acquired 3,607 shares of United Parcel Service, Inc. (UPS) during Q1, with the total investment valued at approximately $397,000.
• Insiders at UPS have been active, with Director William R. Johnson purchasing 5,000 shares for $432,500, marking a 96.90% increase in his position.
• Analysts have assigned various ratings to UPS, with Morgan Stanley dropping its price target to $75 and a mix of upgrades and downgrades from other firms, reflecting a consensus rating of "Hold."

Coordinated Financial Services Inc. CO bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,607 shares of the transportation company's stock, valued at approximately $397,000.

Several other large investors have also added to or reduced their stakes in the business. UniSuper Management Pty Ltd boosted its holdings in United Parcel Service by 7.0% during the first quarter. UniSuper Management Pty Ltd now owns 51,662 shares of the transportation company's stock worth $5,682,000 after purchasing an additional 3,363 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in United Parcel Service by 47.7% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 6,805 shares of the transportation company's stock valued at $748,000 after acquiring an additional 2,197 shares during the last quarter. Petrus Trust Company LTA lifted its stake in United Parcel Service by 41.0% in the first quarter. Petrus Trust Company LTA now owns 7,487 shares of the transportation company's stock valued at $823,000 after acquiring an additional 2,177 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in United Parcel Service by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 89,513 shares of the transportation company's stock valued at $9,846,000 after acquiring an additional 914 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of United Parcel Service by 33.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 145,185 shares of the transportation company's stock valued at $15,966,000 after purchasing an additional 36,209 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $0.09 during midday trading on Tuesday, hitting $84.41. 7,870,854 shares of the company traded hands, compared to its average volume of 8,175,135. The stock has a market cap of $71.54 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The firm's fifty day moving average price is $92.84 and its 200-day moving average price is $99.62. United Parcel Service, Inc. has a 12 month low of $83.05 and a 12 month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm earned $1.79 earnings per share. The company's revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service's payout ratio is 97.62%.

Insider Transactions at United Parcel Service

In other news, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Wall Street Zen raised shares of United Parcel Service from a "sell" rating to a "hold" rating in a report on Sunday. Truist Financial decreased their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Finally, Bank of America decreased their target price on shares of United Parcel Service from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $112.59.

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.