Copia Wealth Management Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Copia Wealth Management acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,846 shares of the transportation company's stock, valued at approximately $1,242,000. United Parcel Service comprises about 1.2% of Copia Wealth Management's investment portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC lifted its position in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after acquiring an additional 2,401 shares in the last quarter. Brighton Jones LLC lifted its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of United Parcel Service by 227.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 17,444 shares of the transportation company's stock valued at $2,200,000 after acquiring an additional 12,124 shares in the last quarter. Blue Trust Inc. lifted its position in shares of United Parcel Service by 19.1% in the fourth quarter. Blue Trust Inc. now owns 10,430 shares of the transportation company's stock valued at $1,422,000 after acquiring an additional 1,669 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in shares of United Parcel Service by 2.2% in the fourth quarter. Capital Asset Advisory Services LLC now owns 4,989 shares of the transportation company's stock valued at $618,000 after acquiring an additional 109 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UPS. Stifel Nicolaus reduced their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Susquehanna reduced their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley reduced their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Down 0.6%

Shares of UPS stock traded down $0.60 during trading hours on Friday, reaching $97.50. The company had a trading volume of 6,763,138 shares, compared to its average volume of 5,149,032. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a market capitalization of $82.56 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The stock's fifty day simple moving average is $98.56 and its 200 day simple moving average is $115.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts expect 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 will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.73%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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.