United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 25.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,122 shares of the transportation company’s stock after buying an additional 635 shares during the period. Cornerstone Wealth Group LLC’s holdings in United Parcel Service were worth $464,000 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 purchased a new stake in United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the 4th quarter valued at about $31,000. Finally, Security National Bank purchased a new stake in United Parcel Service in the 4th quarter valued at about $31,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $136.85 on Monday. The stock has a 50 day moving average price of $141.71 and a 200 day moving average price of $148.50. 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 company has a market capitalization of $117.08 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98.

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

United Parcel Service Dividend Announcement

The company 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. This represents a $6.52 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Oppenheimer boosted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Morgan Stanley boosted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. TD Cowen cut their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Finally, HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $164.55.

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.