Cigna Investments Inc. New Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cigna Investments Inc. New boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,508 shares of the transportation company’s stock after acquiring an additional 75 shares during the quarter. Cigna Investments Inc. New’s holdings in United Parcel Service were worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UPS. International Assets Investment Management LLC grew its holdings in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after buying an additional 406,248 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after acquiring an additional 20,426 shares in the last quarter. American Century Companies Inc. lifted its stake in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after acquiring an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in United Parcel Service by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after acquiring an additional 101,349 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. Citigroup started coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Up 0.2 %

UPS stock opened at $134.05 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $114.82 billion, a P/E ratio of 20.25, a PEG ratio of 2.20 and a beta of 0.99. The company’s 50-day simple moving average is $131.38 and its 200-day simple moving average is $135.71.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 98.49%.

About United Parcel Service

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.