CogentBlue Wealth Advisors LLC Invests $326,000 in United Parcel Service, Inc. (NYSE:UPS)

CogentBlue Wealth Advisors LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,583 shares of the transportation company’s stock, valued at approximately $326,000.

Other large investors also recently bought and sold shares of the company. Cigna Investments Inc. New lifted its holdings in shares of United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the period. Pacific Sage Partners LLC raised its holdings in United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after purchasing an additional 77 shares in the last quarter. Banco Santander S.A. boosted its holdings in United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares in the last quarter. Quent Capital LLC increased its position in United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after purchasing an additional 80 shares during the period. Finally, Tradewinds LLC. raised its stake in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on UPS. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Stifel Nicolaus decreased their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Stock Performance

Shares of UPS opened at $114.96 on Thursday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company’s 50 day simple moving average is $123.71 and its 200 day simple moving average is $128.48. The company has a market capitalization of $98.11 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.53 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 period in the prior year, the firm posted $2.47 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.71%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Company 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.