Choate Investment Advisors Purchases 16,576 Shares of United Parcel Service, Inc. $UPS

Choate Investment Advisors increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 604.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,320 shares of the transportation company’s stock after acquiring an additional 16,576 shares during the quarter. Choate Investment Advisors’ holdings in United Parcel Service were worth $1,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $29,000. Physician Wealth Advisors Inc. increased its stake in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares in the last quarter. Winch Advisory Services LLC increased its stake in United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. Finally, Activest Wealth Management increased its stake in United Parcel Service by 144.3% during the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $101.12 on Tuesday. The stock has a market capitalization of $85.96 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.61 and a beta of 1.06. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a 50 day moving average of $100.41 and a 200-day moving average of $102.84. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on UPS shares. Susquehanna increased their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. BMO Capital Markets increased their target price on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Citigroup increased their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group lowered their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Truist Financial increased their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.