Cohen Investment Advisors LLC Buys 3,835 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cohen Investment Advisors LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,357 shares of the transportation company's stock after purchasing an additional 3,835 shares during the quarter. Cohen Investment Advisors LLC's holdings in United Parcel Service were worth $2,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $28,000. Security National Bank purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Riverview Trust Co purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $32,000. Finally, Centerpoint Advisors LLC increased its stake in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock valued at $32,000 after buying an additional 175 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS stock traded down $0.05 during trading on Monday, reaching $131.20. The stock had a trading volume of 1,955,270 shares, compared to its average volume of 4,244,493. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The stock's 50 day moving average is $128.89 and its two-hundred day moving average is $137.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $112.25 billion, a PE ratio of 18.96, a PEG ratio of 1.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.54 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Monday, August 19th. United Parcel Service's payout ratio is 94.49%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares of the company's stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. UBS Group reduced their target price on United Parcel Service from $175.00 to $159.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their target price on United Parcel Service from $160.00 to $158.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus dropped their target price on United Parcel Service from $170.00 to $151.00 and set a "buy" rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $156.00 to $134.00 and set an "overweight" rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.68.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.