Corbyn Investment Management Inc. MD Sells 466 Shares of United Parcel Service, Inc. (NYSE:UPS)


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Corbyn Investment Management Inc. MD decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,371 shares of the transportation company’s stock after selling 466 shares during the quarter. United Parcel Service comprises 3.4% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 8th biggest position. Corbyn Investment Management Inc. MD’s holdings in United Parcel Service were worth $7,977,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. increased its position in United Parcel Service by 1.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 13,773 shares of the transportation company’s stock worth $2,319,000 after buying an additional 215 shares during the period. Cardan Capital Partners LLC increased its holdings in shares of United Parcel Service by 8.9% in the fourth quarter. Cardan Capital Partners LLC now owns 7,701 shares of the transportation company’s stock valued at $1,297,000 after purchasing an additional 630 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of United Parcel Service by 54.0% in the fourth quarter. Ingalls & Snyder LLC now owns 6,863 shares of the transportation company’s stock valued at $1,156,000 after purchasing an additional 2,407 shares during the period. WESPAC Advisors LLC increased its holdings in shares of United Parcel Service by 252.8% in the fourth quarter. WESPAC Advisors LLC now owns 6,273 shares of the transportation company’s stock valued at $1,056,000 after purchasing an additional 4,495 shares during the period. Finally, G&S Capital LLC increased its holdings in shares of United Parcel Service by 96.4% in the fourth quarter. G&S Capital LLC now owns 17,532 shares of the transportation company’s stock valued at $2,952,000 after purchasing an additional 8,607 shares during the period. 55.68% of the stock is currently owned by institutional investors.

In other news, insider Norman M. Brothers, Jr. sold 13,337 shares of the company’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $159.64, for a total value of $2,129,118.68. 0.57% of the stock is owned by corporate insiders.

UPS traded down $1.67 during trading on Tuesday, reaching $159.93. 7,313 shares of the stock were exchanged, compared to its average volume of 3,850,015. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $178.01. The company has a market capitalization of $138.24 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 2.47 and a beta of 0.98. The business’s 50 day moving average price is $160.73 and its two-hundred day moving average price is $164.53. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.29 and a quick ratio of 1.29.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.52. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The company had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $22.85 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Stockholders of record on Monday, February 22nd will be given a $1.02 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Friday, February 19th. This represents a $4.08 annualized dividend and a dividend yield of 2.55%. United Parcel Service’s dividend payout ratio is presently 53.65%.

UPS has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on United Parcel Service from $184.00 to $193.00 and gave the company an “overweight” rating in a report on Wednesday, February 3rd. Craig Hallum boosted their target price on United Parcel Service from $12.00 to $25.00 in a report on Monday, February 8th. Barclays boosted their target price on United Parcel Service from $145.00 to $155.00 and gave the company an “underweight” rating in a report on Monday, January 11th. Argus lifted their price target on United Parcel Service from $156.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Finally, Berenberg Bank set a $130.00 price target on United Parcel Service and gave the company a “sell” rating in a research note on Tuesday, October 27th. Four analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $157.91.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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