Carmel Capital Partners LLC Acquires 834 Shares of United Parcel Service, Inc. (NYSE:UPS)

Carmel Capital Partners LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,525 shares of the transportation company’s stock after buying an additional 834 shares during the quarter. United Parcel Service comprises 0.8% of Carmel Capital Partners LLC’s portfolio, making the stock its 24th biggest holding. Carmel Capital Partners LLC’s holdings in United Parcel Service were worth $1,958,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in United Parcel Service during the 4th quarter worth about $393,680,000. Vision Financial Markets LLC bought a new stake in United Parcel Service during the 4th quarter worth about $392,000. Arizona State Retirement System increased its stake in shares of United Parcel Service by 1.1% in the 4th quarter. Arizona State Retirement System now owns 211,390 shares of the transportation company’s stock valued at $26,656,000 after acquiring an additional 2,254 shares during the last quarter. Aigen Investment Management LP increased its stake in shares of United Parcel Service by 196.0% in the 4th quarter. Aigen Investment Management LP now owns 27,224 shares of the transportation company’s stock valued at $3,433,000 after acquiring an additional 18,027 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $219,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Bank of America reduced their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Up 2.0 %

UPS stock opened at $119.10 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market capitalization of $101.73 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.55 and a beta of 0.98. The business’s fifty day moving average price is $121.94 and its two-hundred day moving average price is $127.88. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the business posted $2.47 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

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.