Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $747,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 3.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,750 shares of the transportation company’s stock after selling 187 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in United Parcel Service were worth $747,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in United Parcel Service during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the fourth quarter worth approximately $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the fourth quarter worth approximately $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC grew its position in shares of United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on UPS shares. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Raymond James decreased their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. BMO Capital Markets upped their target price on United Parcel Service from $160.00 to $165.00 and gave the company a “market perform” rating in a research report on Wednesday, March 27th. Finally, TD Cowen decreased their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $165.61.

Get Our Latest Analysis on UPS

Insider Activity

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

Shares of UPS traded up $2.33 during trading hours on Tuesday, reaching $147.69. The stock had a trading volume of 3,835,306 shares, compared to its average volume of 4,316,002. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $197.31. The stock has a market capitalization of $125.93 billion, a PE ratio of 19.10, a PEG ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The company’s 50-day moving average is $149.44 and its two-hundred day moving average is $151.10.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.14). United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.41%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 83.70%.

About United Parcel Service

(Free Report)

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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