W.H. Cornerstone Investments Inc. Has $796,000 Position in United Parcel Service, Inc. (NYSE:UPS)

W.H. Cornerstone Investments Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,065 shares of the transportation company’s stock after selling 1,605 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in United Parcel Service were worth $796,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MWA Asset Management acquired a new stake in United Parcel Service during the third quarter valued at approximately $2,125,000. Chesapeake Wealth Management grew its position in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the period. Cerity Partners LLC raised its stake in United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares in the last quarter. CapWealth Advisors LLC lifted its holdings in shares of United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the period. Finally, Telos Capital Management Inc. boosted its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after purchasing an additional 740 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 0.5 %

NYSE UPS traded down $0.79 on Friday, reaching $146.43. The company had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The stock’s 50 day moving average is $149.39 and its 200-day moving average is $150.60. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.68 and a beta of 1.05.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $170.00 in a report on Friday, February 16th. Bank of America lifted their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, Evercore ISI restated an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $165.23.

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.