United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lifted by Capital Investment Counsel Inc

Capital Investment Counsel Inc boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 30,715 shares of the transportation company’s stock after buying an additional 986 shares during the quarter. United Parcel Service makes up 0.6% of Capital Investment Counsel Inc’s holdings, making the stock its 27th largest holding. Capital Investment Counsel Inc’s holdings in United Parcel Service were worth $4,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after buying an additional 178,394 shares in the last quarter. Wellington Management Group LLP increased its stake in United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. Franklin Resources Inc. increased its stake in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares in the last quarter. Norges Bank bought a new stake in United Parcel Service during the 4th quarter worth approximately $1,128,322,000. Finally, Clearbridge Investments LLC increased its stake in United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

UPS stock traded down $0.07 during midday trading on Tuesday, reaching $128.88. The company had a trading volume of 2,336,322 shares, compared to its average volume of 4,234,531. The stock has a 50 day moving average price of $133.71 and a 200-day moving average price of $142.27. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $172.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $110.40 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.82 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.54 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.51 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UPS shares. Susquehanna lowered their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Bank of America decreased their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.00.

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.