Cornercap Investment Counsel Inc. Sells 460 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cornercap Investment Counsel Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,617 shares of the transportation company’s stock after selling 460 shares during the period. Cornercap Investment Counsel Inc.’s holdings in United Parcel Service were worth $1,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. CreativeOne Wealth LLC grew its position in shares of United Parcel Service by 23.0% in the third quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company’s stock valued at $1,981,000 after purchasing an additional 2,720 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of United Parcel Service by 7.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 285,266 shares of the transportation company’s stock valued at $38,893,000 after acquiring an additional 19,666 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of United Parcel Service by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock worth $632,518,000 after purchasing an additional 292,777 shares during the last quarter. Public Sector Pension Investment Board raised its stake in United Parcel Service by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock valued at $4,402,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in shares of United Parcel Service by 44.4% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 55,829 shares of the transportation company’s stock worth $7,612,000 after buying an additional 17,155 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 1.2 %

Shares of UPS opened at $109.66 on Friday. The stock’s fifty day simple moving average is $118.52 and its 200 day simple moving average is $126.44. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $93.66 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the company posted $2.47 earnings per share. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.98%. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UPS shares. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Wolfe Research raised 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 note on Wednesday, January 8th. Evercore ISI upped their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Bank of America reduced their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $137.57.

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.