Carnegie Lake Advisors LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Carnegie Lake Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 43.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,072 shares of the transportation company's stock after buying an additional 3,067 shares during the quarter. Carnegie Lake Advisors LLC's holdings in United Parcel Service were worth $1,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service during the 4th quarter worth approximately $28,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $30,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $26,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on UPS shares. Stifel Nicolaus lowered their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Thursday, July 3rd. Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Finally, Susquehanna decreased their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $119.13.

United Parcel Service Stock Performance

NYSE UPS opened at $99.21 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $146.17. The business's 50-day moving average price is $99.85 and its 200 day moving average price is $108.14. The firm has a market cap of $84.01 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.91 and a beta of 1.21.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.61%. United Parcel Service's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.