Carnegie Capital Asset Management LLC Acquires 3,407 Shares of United Parcel Service, Inc. (NYSE:UPS)

Carnegie Capital Asset Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 37.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,590 shares of the transportation company’s stock after buying an additional 3,407 shares during the period. Carnegie Capital Asset Management LLC’s holdings in United Parcel Service were worth $2,700,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of UPS. Norges Bank bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,399,135,000. Capital International Investors boosted its holdings in shares of United Parcel Service by 107.3% during the 4th quarter. Capital International Investors now owns 6,925,181 shares of the transportation company’s stock worth $1,484,343,000 after buying an additional 3,584,871 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 10,746.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,257,466 shares of the transportation company’s stock worth $1,908,000 after buying an additional 1,245,873 shares in the last quarter. Capital World Investors boosted its holdings in shares of United Parcel Service by 28.3% during the 4th quarter. Capital World Investors now owns 3,161,820 shares of the transportation company’s stock worth $677,704,000 after buying an additional 697,955 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of United Parcel Service by 33,421.8% during the fourth quarter. Marshall Wace LLP now owns 633,448 shares of the transportation company’s stock worth $135,775,000 after purchasing an additional 635,349 shares during the period. Hedge funds and other institutional investors own 57.85% of the company’s stock.

Shares of United Parcel Service stock opened at $176.15 on Thursday. United Parcel Service, Inc. has a 1 year low of $165.34 and a 1 year high of $233.72. The firm has a market cap of $153.91 billion, a PE ratio of 14.38, a P/E/G ratio of 1.49 and a beta of 1.16. The stock has a fifty day moving average price of $180.16 and a 200-day moving average price of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.52.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.18. The company had revenue of $24.40 billion during the quarter, compared to the consensus estimate of $23.80 billion. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.77 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 12.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Stockholders of record on Monday, May 16th were paid a dividend of $1.52 per share. The ex-dividend date was Friday, May 13th. This represents a $6.08 annualized dividend and a dividend yield of 3.45%. United Parcel Service’s payout ratio is 49.63%.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered United Parcel Service from an “overweight” rating to a “neutral” rating and set a $202.00 target price on the stock. in a research report on Friday, May 13th. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. Susquehanna lowered their target price on United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 27th. StockNews.com assumed coverage on United Parcel Service in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Bank of America lowered their target price on United Parcel Service from $204.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $223.69.

About United Parcel Service (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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