CoreFirst Bank & Trust Buys Shares of 2,492 United Parcel Service, Inc. (NYSE:UPS)

CoreFirst Bank & Trust acquired a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,492 shares of the transportation company's stock, valued at approximately $314,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after buying an additional 370,705 shares in the last quarter. State Street Corp raised its stake in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC boosted its position in United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. Finally, FMR LLC increased its holdings in United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

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United Parcel Service Stock Performance

UPS traded down $5.79 during trading on Tuesday, reaching $110.01. 10,622,008 shares of the company were exchanged, compared to its average volume of 4,499,631. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $93.97 billion, a P/E ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $157.99. The firm has a 50 day moving average of $119.95 and a 200 day moving average of $126.92.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm posted $2.47 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a $1.64 dividend. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Loop Capital dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Susquehanna lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $137.91.

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.