Cobblestone Capital Advisors LLC NY Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Cobblestone Capital Advisors LLC NY decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,035 shares of the transportation company’s stock after selling 436 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in United Parcel Service were worth $257,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth approximately $1,950,000. Tufton Capital Management raised its stake in United Parcel Service by 7.3% during the 4th quarter. Tufton Capital Management now owns 58,851 shares of the transportation company’s stock worth $7,421,000 after acquiring an additional 4,014 shares in the last quarter. Fortress Financial Group LLC purchased a new stake in United Parcel Service in the fourth quarter valued at $633,000. Argyle Capital Management LLC boosted its stake in United Parcel Service by 11.4% in the fourth quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock valued at $3,333,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Fort Sheridan Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $206,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $118.97 on Friday. The firm has a market capitalization of $101.62 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business’s 50 day simple moving average is $122.41 and its 200-day simple moving average is $128.08. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $2.47 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.51%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UPS. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $130.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group decreased their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Raymond James lowered their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Finally, Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service 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.