Cordatus Wealth Management LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Cordatus Wealth Management LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,365 shares of the transportation company’s stock after selling 251 shares during the period. Cordatus Wealth Management LLC’s holdings in United Parcel Service were worth $1,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cigna Investments Inc. New increased its stake 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 worth $1,024,000 after acquiring an additional 75 shares during the last quarter. Pacific Sage Partners LLC increased its stake in shares of United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after acquiring an additional 77 shares during the last quarter. Banco Santander S.A. increased its stake in shares of 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 worth $1,717,000 after acquiring an additional 79 shares during the last quarter. Quent Capital LLC increased its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after acquiring an additional 80 shares during the last quarter. Finally, Tradewinds LLC. increased its stake in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.3 %

Shares of NYSE UPS opened at $116.55 on Friday. The company has a market cap of $99.46 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $123.46 and its 200 day simple moving average is $128.40.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 business posted $2.47 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UPS shares. Morgan Stanley cut their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on 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. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by 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.