Corbyn Investment Management Inc. MD Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Corbyn Investment Management Inc. MD trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,841 shares of the transportation company’s stock after selling 116 shares during the quarter. Corbyn Investment Management Inc. MD’s holdings in United Parcel Service were worth $2,176,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares during the period. International Assets Investment Management LLC raised its holdings in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the period. Northern Trust Corp grew its stake in shares of United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after buying an additional 31,533 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of United Parcel Service by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 6,456,594 shares of the transportation company’s stock valued at $1,006,389,000 after buying an additional 142,546 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $0.06 during mid-day trading on Friday, reaching $147.45. The company had a trading volume of 1,134,996 shares, compared to its average volume of 4,311,133. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market cap of $125.72 billion, a PE ratio of 21.37, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a 50-day moving average price of $149.57 and a two-hundred day moving average price of $151.01. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 analysts’ expectations of $21.84 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.21 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UPS shares. TD Cowen lowered their target price on 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. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Evercore ISI reiterated an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $170.00 in a report on Thursday. Finally, Stifel Nicolaus cut their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $166.96.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

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.