Carnegie Investment Counsel Grows Stock Position in United Parcel Service, Inc. $UPS

Carnegie Investment Counsel boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,162 shares of the transportation company’s stock after buying an additional 253 shares during the quarter. Carnegie Investment Counsel’s holdings in United Parcel Service were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of United Parcel Service by 248.3% in the first quarter. Golden State Wealth Management LLC now owns 3,403 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 2,426 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of United Parcel Service by 0.9% in the first quarter. Perigon Wealth Management LLC now owns 28,195 shares of the transportation company’s stock valued at $3,101,000 after purchasing an additional 251 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of United Parcel Service by 62.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 105,599 shares of the transportation company’s stock valued at $11,615,000 after purchasing an additional 40,649 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of United Parcel Service by 12.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 2,085 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 224 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christiana Smith Shi bought 500 shares of the stock in a transaction dated Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.2%

Shares of UPS stock opened at $87.21 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $85.52 and a two-hundred day moving average price of $93.18. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $140.33. The firm has a market cap of $73.91 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period last year, the firm earned $1.79 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.5%. United Parcel Service’s payout ratio is 97.62%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. Evercore ISI reduced their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research report on Wednesday, July 30th. UBS Group dropped their price objective on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Oppenheimer dropped their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.31.

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.