United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Capital Investment Counsel Inc

Capital Investment Counsel Inc lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,715 shares of the transportation company’s stock after purchasing an additional 986 shares during the quarter. United Parcel Service comprises 0.6% of Capital Investment Counsel Inc’s portfolio, making the stock its 27th largest position. Capital Investment Counsel Inc’s holdings in United Parcel Service were worth $4,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $26,000. Northwest Financial Advisors bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Security National Bank bought a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter worth approximately $28,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.1 %

Shares of NYSE:UPS traded down $0.07 during midday trading on Tuesday, hitting $128.88. 2,336,322 shares of the stock were exchanged, compared to its average volume of 4,234,531. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $172.75. The business’s fifty day simple moving average is $133.71 and its two-hundred day simple moving average is $142.27. The company has a market capitalization of $110.40 billion, a PE ratio of 18.68, a P/E/G ratio of 1.82 and a beta of 0.98.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Bank of America decreased their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company decreased their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Oppenheimer decreased their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

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.