D L Carlson Investment Group Inc. Buys New Position in United Parcel Service, Inc. (NYSE:UPS)

D L Carlson Investment Group Inc. purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 31,773 shares of the transportation company’s stock, valued at approximately $6,164,000. United Parcel Service makes up approximately 1.4% of D L Carlson Investment Group Inc.’s holdings, making the stock its 26th largest holding.

A number of other institutional investors have also recently made changes to their positions in UPS. Pacific Center for Financial Services purchased a new stake in shares of United Parcel Service in the 1st quarter valued at $25,000. Worth Asset Management LLC purchased a new stake in United Parcel Service during the first quarter valued at about $27,000. Dark Forest Capital Management LP purchased a new stake in United Parcel Service during the fourth quarter valued at about $31,000. Carderock Capital Management Inc. bought a new position in shares of United Parcel Service during the first quarter valued at about $32,000. Finally, Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 205.0% in the 1st quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 58.45% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent research reports. Loop Capital lowered United Parcel Service from a “buy” rating to a “hold” rating and reduced their price target for the stock from $210.00 to $195.00 in a research report on Wednesday, August 9th. Barclays lifted their target price on shares of United Parcel Service from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Credit Suisse Group dropped their price target on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. UBS Group lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating and cut their price target for the stock from $198.00 to $185.00 in a report on Wednesday, August 9th. Finally, Citigroup lowered their price objective on shares of United Parcel Service from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $187.38.

United Parcel Service Price Performance

UPS stock opened at $156.59 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $133.80 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.67 and a beta of 1.09. The firm has a 50 day moving average price of $176.53 and a 200-day moving average price of $178.75. United Parcel Service, Inc. has a 52-week low of $154.87 and a 52-week high of $197.80.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $23.04 billion. During the same quarter in the previous year, the business earned $3.29 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 9.7 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were paid a dividend of $1.62 per share. The ex-dividend date was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a yield of 4.14%. United Parcel Service’s dividend payout ratio is currently 56.20%.

Insiders Place Their Bets

In other news, insider Nando Cesarone sold 22,825 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the sale, the insider now owns 1 shares in the company, valued at $171.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

About United Parcel Service

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.