Cobblestone Capital Advisors LLC NY Sells 4,091 Shares of United Parcel Service, Inc. $UPS

Cobblestone Capital Advisors LLC NY cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 65.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,175 shares of the transportation company’s stock after selling 4,091 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in United Parcel Service were worth $220,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cornerstone Wealth Group LLC increased its holdings in United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after buying an additional 97 shares during the period. Bangor Savings Bank increased its stake in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 101 shares during the last quarter. First Dallas Securities Inc. increased its stake in shares of United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after purchasing an additional 102 shares during the last quarter. Fortis Capital Advisors LLC increased its stake in shares of United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 104 shares during the last quarter. Finally, Wright Investors Service Inc. increased its stake in shares of United Parcel Service by 1.3% in the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 104 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 2.2%

Shares of United Parcel Service stock opened at $89.12 on Tuesday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $138.67. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50-day moving average is $85.58 and its 200 day moving average is $93.06. The firm has a market cap of $75.53 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.62 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. United Parcel Service’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.4%. United Parcel Service’s payout ratio is presently 97.62%.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UPS shares. Vertical Research reiterated a “hold” rating and issued a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Susquehanna decreased their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. reduced their price target on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.31.

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.