Corps Capital Advisors LLC Invests $315,000 in United Parcel Service, Inc. (NYSE:UPS)

Corps Capital Advisors LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,500 shares of the transportation company’s stock, valued at approximately $315,000.

Other large investors also recently modified their holdings of the company. IFS Advisors LLC lifted its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC lifted 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 during the last quarter. PSI Advisors LLC lifted its position in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service in the 3rd quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $114.96 on Thursday. The firm’s 50 day moving average is $123.71 and its 200-day moving average is $128.48. The stock has a market capitalization of $98.11 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.53 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 in the prior year, the company earned $2.47 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UPS. Evercore ISI raised their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Citigroup cut their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.