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

Corbyn Investment Management Inc. MD decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,841 shares of the transportation company’s stock after selling 116 shares during the period. Corbyn Investment Management Inc. MD’s holdings in United Parcel Service were worth $2,176,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UPS. Bailard Inc. raised its position in United Parcel Service by 18.0% in the 4th quarter. Bailard Inc. now owns 62,421 shares of the transportation company’s stock valued at $9,814,000 after purchasing an additional 9,525 shares during the last quarter. Community Bank N.A. raised its position in United Parcel Service by 7.8% in the 4th quarter. Community Bank N.A. now owns 32,822 shares of the transportation company’s stock valued at $5,160,000 after purchasing an additional 2,365 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in United Parcel Service by 3.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,287 shares of the transportation company’s stock valued at $2,404,000 after purchasing an additional 552 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in United Parcel Service by 1.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 37,573 shares of the transportation company’s stock worth $5,908,000 after buying an additional 712 shares during the last quarter. Finally, South Dakota Investment Council raised its position in United Parcel Service by 21.6% during the 4th quarter. South Dakota Investment Council now owns 17,472 shares of the transportation company’s stock worth $2,747,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.0 %

Shares of United Parcel Service stock traded up $0.06 during mid-day trading on Friday, hitting $147.45. 1,134,996 shares of the stock were exchanged, compared to its average volume of 4,311,133. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The stock has a market capitalization of $125.72 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a 50-day simple moving average of $149.57 and a 200 day simple moving average of $151.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period last year, the company earned $2.20 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. Evercore ISI restated an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Raymond James cut their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, TD Cowen cut their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $166.96.

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.