Courier Capital LLC Has $3.04 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Courier Capital LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,354 shares of the transportation company’s stock after acquiring an additional 142 shares during the period. Courier Capital LLC’s holdings in United Parcel Service were worth $3,043,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of United Parcel Service by 1.3% in the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after buying an additional 357,974 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after buying an additional 628,944 shares during the period. Wellington Management Group LLP grew its holdings in shares of United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after buying an additional 2,331,875 shares during the period. Northern Trust Corp grew its holdings in shares of United Parcel Service by 0.6% in the 1st quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock valued at $1,988,777,000 after buying an additional 54,401 shares during the period. Finally, Morgan Stanley grew its holdings in shares of United Parcel Service by 33.7% in the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock valued at $1,343,799,000 after buying an additional 1,949,775 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UPS. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, December 21st. Raymond James reduced their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Stifel Nicolaus upped their target price on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, Barclays cut their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $166.81.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 2.5 %

Shares of UPS stock opened at $147.33 on Thursday. The firm has a 50 day moving average price of $150.79 and a two-hundred day moving average price of $152.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $125.62 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period last year, the firm earned $3.62 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

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.