Cooper Financial Group Has $5.74 Million Holdings in United Parcel Service, Inc. $UPS

Key Points

• Cooper Financial Group reduced its holdings in United Parcel Service, Inc. by 13.3% during the second quarter, now owning 56,907 shares valued at approximately $5.74 million.
• United Parcel Service recently reported $1.55 EPS, missing the consensus estimate by $0.01, and noted a 2.7% decline in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $1.64, resulting in an annualized dividend yield of 7.9%, with a payout ratio of 97.62%.

Cooper Financial Group lessened its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,907 shares of the transportation company's stock after selling 8,693 shares during the quarter. Cooper Financial Group's holdings in United Parcel Service were worth $5,744,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during 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 period. Hemington Wealth Management increased its stake in 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 in the last quarter. Saudi Central Bank bought a new stake in United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service in the first quarter valued at approximately $33,000. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

UPS has been the topic of a number of research reports. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Barclays lowered their target price on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a report on Thursday, July 31st. Bank of America lowered their target price on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a report on Friday, September 26th. Evercore ISI decreased their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Finally, Morgan Stanley decreased their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average price target of $111.38.

United Parcel Service Stock Performance

United Parcel Service stock opened at $83.46 on Wednesday. The business has a 50 day moving average of $87.26 and a 200-day moving average of $96.00. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $70.74 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the company earned $1.79 EPS. The business's quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service's dividend payout ratio is currently 97.62%.

Insider Activity

In other news, CEO Carol B. Tome bought 11,682 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 over the last quarter. 0.13% of the stock is owned by company insiders.

United Parcel Service 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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