CoreFirst Bank & Trust Buys Shares of 2,492 United Parcel Service, Inc. (NYSE:UPS)

CoreFirst Bank & Trust purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,492 shares of the transportation company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $26,000. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $115.88 on Tuesday. The company has a market cap of $98.98 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $157.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock’s 50-day moving average is $119.95 and its 200-day moving average is $126.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the business earned $2.47 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.66%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $130.00 in a report on Friday, January 31st. Stifel Nicolaus cut their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Susquehanna decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $138.09.

United Parcel Service 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.