Cornerstone Investment Partners LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Cornerstone Investment Partners LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 263,915 shares of the transportation company’s stock after selling 6,475 shares during the quarter. United Parcel Service comprises 1.7% of Cornerstone Investment Partners LLC’s holdings, making the stock its 29th biggest position. Cornerstone Investment Partners LLC’s holdings in United Parcel Service were worth $33,280,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UPS. Creative Financial Designs Inc. ADV raised its stake in 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 worth $314,000 after purchasing an additional 498 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of United Parcel Service by 8.8% in the third quarter. Chicago Partners Investment Group LLC now owns 4,420 shares of the transportation company’s stock worth $581,000 after acquiring an additional 359 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. Clear Creek Financial Management LLC increased its position in shares of United Parcel Service by 16.9% in the third quarter. Clear Creek Financial Management LLC now owns 3,048 shares of the transportation company’s stock worth $416,000 after acquiring an additional 441 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased 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 worth $8,583,000 after acquiring an additional 3,416 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Loop Capital dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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. Finally, Raymond James lowered their price target 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Trading Up 0.2 %

Shares of UPS stock opened at $119.27 on Tuesday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The firm’s fifty day simple moving average is $122.28 and its 200 day simple moving average is $128.03. The firm has a market capitalization of $101.88 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $2.47 EPS. As a group, sell-side 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 declared 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. This represents a $6.56 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

United Parcel Service Company 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.