United Parcel Service, Inc. (NYSE:UPS) Stock Position Trimmed by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,915 shares of the transportation company's stock after selling 6,475 shares during the period. United Parcel Service comprises 1.7% of Cornerstone Investment Partners LLC's portfolio, making the stock its 29th largest holding. Cornerstone Investment Partners LLC's holdings in United Parcel Service were worth $33,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Creative Financial Designs Inc. ADV boosted its stake in shares of United Parcel Service by 27.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,305 shares of the transportation company's stock valued at $314,000 after acquiring an additional 498 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in United Parcel Service by 8.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,420 shares of the transportation company's stock valued at $581,000 after purchasing an additional 359 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after purchasing an additional 216 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in shares of United Parcel Service by 16.9% during the third quarter. Clear Creek Financial Management LLC now owns 3,048 shares of the transportation company's stock worth $416,000 after buying an additional 441 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of United Parcel Service by 5.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 62,953 shares of the transportation company's stock valued at $8,583,000 after buying an additional 3,416 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 2.0 %

United Parcel Service stock traded up $2.31 during midday trading on Wednesday, hitting $119.10. The stock had a trading volume of 6,538,878 shares, compared to its average volume of 4,406,969. 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 business has a fifty day moving average price of $122.09 and a 200 day moving average price of $127.94. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The stock has a market cap of $101.73 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company posted $2.47 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 97.04%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup reduced their price target on United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Bank of America decreased their price target on United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Raymond James lowered their target price on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.

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.