Coho Partners Ltd. Has $47.04 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Coho Partners Ltd. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 373,036 shares of the transportation company’s stock after selling 110,153 shares during the period. United Parcel Service comprises 2.2% of Coho Partners Ltd.’s portfolio, making the stock its 28th biggest holding. Coho Partners Ltd.’s holdings in United Parcel Service were worth $47,040,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. IFS Advisors LLC increased its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC boosted its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. PSI Advisors LLC lifted its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service during the 3rd quarter worth about $36,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $115.74 on Friday. The company has a market cap of $98.77 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The stock’s 50-day moving average is $124.96 and its 200-day moving average is $128.96.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the company posted $2.47 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.99 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 96.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Bank of America dropped their target price on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Oppenheimer increased their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.