Cigna Investments Inc. New Sells 101 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cigna Investments Inc. New decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,407 shares of the transportation company’s stock after selling 101 shares during the period. Cigna Investments Inc. New’s holdings in United Parcel Service were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. Princeton Global Asset Management LLC lifted its stake in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the period. PSI Advisors LLC lifted its stake in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in United Parcel Service in the third quarter worth about $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UPS. UBS Group reduced their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Oppenheimer boosted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Barclays restated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Trading Up 0.9 %

Shares of NYSE:UPS opened at $114.18 on Tuesday. The business’s 50 day moving average price is $125.95 and its 200-day moving average price is $129.25. 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 firm has a market capitalization of $97.43 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 period last year, the company posted $2.47 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.75%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 96.45%.

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.