Corps Capital Advisors LLC Takes $315,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Corps Capital Advisors LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,500 shares of the transportation company's stock, valued at approximately $315,000.

A number of other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB lifted its stake in shares of United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company's stock worth $14,793,000 after purchasing an additional 30,815 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of United Parcel Service by 40.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,515 shares of the transportation company's stock worth $14,113,000 after purchasing an additional 29,657 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of United Parcel Service by 11.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 15,857 shares of the transportation company's stock worth $2,162,000 after purchasing an additional 1,648 shares during the period. Leo Wealth LLC lifted its stake in shares of United Parcel Service by 59.6% during the 3rd quarter. Leo Wealth LLC now owns 3,204 shares of the transportation company's stock worth $437,000 after purchasing an additional 1,197 shares during the period. Finally, Symphony Financial Ltd. Co. purchased a new position in shares of United Parcel Service during the 3rd quarter worth $605,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UPS shares. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. UBS Group cut their target price on United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Wells Fargo & Company cut their target price on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.73.

United Parcel Service Stock Down 0.2 %

NYSE:UPS traded down $0.25 during mid-day trading on Friday, reaching $116.35. The stock had a trading volume of 6,455,199 shares, compared to its average volume of 7,796,271. The company has a market capitalization of $99.38 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.55 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. The stock's 50 day simple moving average is $123.21 and its two-hundred day simple moving average is $128.33. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 in the prior year, the business earned $2.47 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced 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 of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.64%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.