Carson Advisory Inc. Buys 3,354 Shares of United Parcel Service, Inc. (NYSE:UPS)

Carson Advisory Inc. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 34.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,174 shares of the transportation company’s stock after acquiring an additional 3,354 shares during the period. United Parcel Service comprises about 1.3% of Carson Advisory Inc.’s holdings, making the stock its 20th largest holding. Carson Advisory Inc.’s holdings in United Parcel Service were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cullen Investment Group LTD. boosted its stake in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the period. Blackston Financial Advisory Group LLC boosted its position in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the period. Versant Capital Management Inc grew its holdings in United Parcel Service by 2.2% in the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after acquiring an additional 70 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after acquiring an additional 73 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $129.83 on Wednesday. The business has a fifty day moving average price of $131.34 and a 200-day moving average price of $140.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $111.21 billion, a PE ratio of 18.82, a PEG ratio of 1.88 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.54 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Insider Activity at United Parcel Service

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPS. Evercore ISI reduced their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. BMO Capital Markets cut their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Bank of America decreased their price objective 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. Finally, TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

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.