Carnegie Investment Counsel Has $2.99 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Carnegie Investment Counsel decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,850 shares of the transportation company’s stock after selling 877 shares during the period. Carnegie Investment Counsel’s holdings in United Parcel Service were worth $2,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of United Parcel Service by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after purchasing an additional 200,297 shares during the period. United Services Automobile Association increased its stake in United Parcel Service by 235.3% during the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after acquiring an additional 166,557 shares during the period. Natixis acquired a new position in United Parcel Service in the 1st quarter valued at $121,000. Assetmark Inc. lifted its position in shares of United Parcel Service by 20.2% during the 4th quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock valued at $9,805,000 after acquiring an additional 10,467 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UPS. UBS Group dropped their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Bank of America cut their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer reduced their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Down 0.2 %

UPS traded down $0.28 during midday trading on Tuesday, hitting $128.67. 1,680,216 shares of the company were exchanged, compared to its average volume of 4,230,394. The firm’s 50 day moving average price is $133.88 and its 200-day moving average price is $142.36. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $172.75. The firm has a market capitalization of $110.22 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.82 and a beta of 0.98. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the company earned $2.54 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.