Carnegie Investment Counsel Purchases 2,900 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Carnegie Investment Counsel increased its stake in United Parcel Service (UPS) by 26.3% after acquiring an additional 2,900 shares, bringing its total holdings to 13,909 shares valued at approximately $1.53 million.
• United Parcel Service recently reported quarterly earnings of $1.49 per share, exceeding expectations, along with revenue of $21.5 billion, although year-over-year revenue fell by 0.9%.
• The company's dividend yield stands at 6.33%, with a recent quarterly dividend of $1.64 per share, but the dividend payout ratio is high at 95.63%.

Carnegie Investment Counsel raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 13,909 shares of the transportation company's stock after acquiring an additional 2,900 shares during the period. Carnegie Investment Counsel's holdings in United Parcel Service were worth $1,530,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the 1st quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UPS. BMO Capital Markets dropped their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research note on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Finally, Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $118.22.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $103.59 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock's fifty day moving average price is $100.01 and its two-hundred day moving average price is $107.36. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $145.01. The firm has a market cap of $87.72 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.97 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.33%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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.

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