Cornerstone Capital Inc. Has $653,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Cornerstone Capital Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,152 shares of the transportation company’s stock after acquiring an additional 820 shares during the period. Cornerstone Capital Inc.’s holdings in United Parcel Service were worth $653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the 4th quarter worth $26,000. OFI Invest Asset Management acquired a new position in United Parcel Service during the 3rd quarter worth $25,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the 4th quarter worth $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the 4th quarter worth $31,000. Finally, VisionPoint Advisory Group LLC lifted its position in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $150.00 to $170.00 in a research report on Thursday. Finally, Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Price Performance

UPS opened at $147.59 on Friday. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50 day simple moving average is $149.56 and its 200-day simple moving average is $150.93. The stock has a market capitalization of $125.84 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is 94.49%.

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.