CoreFirst Bank & Trust Makes New $314,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

CoreFirst Bank & Trust acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,492 shares of the transportation company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth $26,000. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup dropped their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price for the company. Finally, Wolfe Research upgraded shares of 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Up 0.7 %

UPS stock opened at $115.88 on Tuesday. The stock has a market capitalization of $98.98 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a fifty day moving average of $119.95 and a 200-day moving average of $126.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $157.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed 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 represents a $6.56 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

United Parcel Service Company 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.