Coho Partners Ltd. Sells 56,511 Shares of United Parcel Service, Inc. (NYSE:UPS)

Coho Partners Ltd. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,525 shares of the transportation company's stock after selling 56,511 shares during the period. United Parcel Service comprises approximately 2.1% of Coho Partners Ltd.'s investment portfolio, making the stock its 28th biggest position. Coho Partners Ltd.'s holdings in United Parcel Service were worth $34,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter worth $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $99.36 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $97.77 and a two-hundred day moving average price of $111.53. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a market cap of $84.14 billion, a P/E ratio of 14.48, a PEG ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the business posted $1.43 EPS. The business's revenue was down .9% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. United Parcel Service's payout ratio is currently 95.63%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. Truist Financial lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. BMO Capital Markets lowered their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Susquehanna lowered their price target on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $120.26.

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.

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