United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Corundum Group Inc.

Corundum Group Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 73.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,309 shares of the transportation company’s stock after buying an additional 3,102 shares during the period. Corundum Group Inc.’s holdings in United Parcel Service were worth $1,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UPS. Harbor Capital Advisors Inc. raised its stake in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN lifted its stake in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after buying an additional 65 shares in the last quarter. Gleason Group Inc. boosted its position in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the last quarter. Cullen Investment Group LTD. raised its holdings in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its stake in United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Wells Fargo & Company assumed coverage on shares of United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 price target for the company. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. TD Cowen lowered their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Finally, Susquehanna lifted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Stock Down 0.5 %

Shares of NYSE:UPS traded down $0.73 during trading on Thursday, hitting $137.42. 154,737 shares of the company were exchanged, compared to its average volume of 4,019,265. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The firm’s 50 day moving average price is $142.05 and its 200-day moving average price is $148.90. The stock has a market capitalization of $117.57 billion, a P/E ratio of 20.02, a PEG ratio of 1.70 and a beta of 1.01. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s dividend payout ratio is presently 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.