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

Cornerstone Investment Partners LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 270,609 shares of the transportation company's stock after purchasing an additional 6,694 shares during the period. Cornerstone Investment Partners LLC's holdings in United Parcel Service were worth $29,764,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of United Parcel Service during the 4th quarter valued at $1,075,393,000. Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at $145,846,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of United Parcel Service by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after buying an additional 1,064,293 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of United Parcel Service by 316.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock valued at $141,581,000 after buying an additional 853,388 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of several research analyst reports. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a report on Thursday, July 3rd. Raymond James Financial decreased their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. BNP Paribas raised United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Finally, Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Price Performance

NYSE:UPS traded up $0.72 on Thursday, reaching $102.87. 3,645,657 shares of the company's stock traded hands, compared to its average volume of 5,252,038. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a 50-day simple moving average of $99.16 and a 200-day simple moving average of $109.38. The firm has a market cap of $87.11 billion, a PE ratio of 15.00, a P/E/G ratio of 1.96 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.38%. United Parcel Service's payout ratio is 95.63%.

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.