W.H. Cornerstone Investments Inc. Sells 1,605 Shares of United Parcel Service, Inc. (NYSE:UPS)

W.H. Cornerstone Investments Inc. lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,065 shares of the transportation company’s stock after selling 1,605 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in United Parcel Service were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after buying an additional 628,944 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of United Parcel Service by 36.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock valued at $315,832,000 after acquiring an additional 541,163 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of United Parcel Service by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after acquiring an additional 532,934 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.5 %

Shares of NYSE UPS traded down $0.79 during trading on Friday, hitting $146.43. 2,039,256 shares of the company traded hands, compared to its average volume of 3,606,672. The firm has a market capitalization of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.68 and a beta of 1.05. The business’s fifty day moving average is $149.39 and its 200 day moving average is $150.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the business earned $2.20 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UPS shares. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Bank of America boosted their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Finally, Susquehanna increased their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $165.23.

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.