Silver Coast Investments LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Silver Coast Investments LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 108.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,363 shares of the transportation company’s stock after buying an additional 2,267 shares during the period. Silver Coast Investments LLC’s holdings in United Parcel Service were worth $595,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UPS. Absher Wealth Management LLC grew its stake in shares of United Parcel Service by 26.7% during the third quarter. Absher Wealth Management LLC now owns 4,643 shares of the transportation company’s stock worth $633,000 after purchasing an additional 977 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in United Parcel Service by 27.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,305 shares of the transportation company’s stock worth $314,000 after buying an additional 498 shares during the last quarter. Hi Line Capital Management LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $5,994,000. Principal Securities Inc. increased its holdings in shares of United Parcel Service by 77.7% in the 3rd quarter. Principal Securities Inc. now owns 41,075 shares of the transportation company’s stock valued at $5,600,000 after acquiring an additional 17,963 shares during the last quarter. Finally, Cigna Investments Inc. New increased its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 75 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock traded up $0.73 during trading hours on Friday, reaching $134.79. 410,941 shares of the stock were exchanged, compared to its average volume of 4,185,494. The stock has a market cap of $115.46 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.20 and a beta of 0.99. The firm’s 50 day moving average is $131.38 and its 200 day moving average is $135.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UPS. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday. Stephens dropped their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Finally, The Goldman Sachs Group dropped their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.71.

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.