11,077 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,077 shares of the transportation company's stock, valued at approximately $1,510,000.

A number of other large investors have also recently made changes to their positions in UPS. TruNorth Capital Management LLC bought a new position in United Parcel Service in the second quarter worth approximately $28,000. Riverview Trust Co bought a new position in United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its position in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC raised its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after purchasing an additional 200 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays reiterated an "underweight" rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a "hold" rating and a $144.00 price objective for the company. UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Baird R W upgraded United Parcel Service to a "strong-buy" rating in a report on Wednesday, July 24th. Finally, Stephens reduced their target price on United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.52.

United Parcel Service Stock Up 1.1 %

NYSE UPS traded up $1.43 during trading on Friday, hitting $134.07. The company's stock had a trading volume of 3,327,247 shares, compared to its average volume of 4,169,355. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a market cap of $114.84 billion, a PE ratio of 20.11, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business's 50 day simple moving average is $132.37 and its 200-day simple moving average is $134.86.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service's payout ratio is 98.49%.

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.