28,873 Shares in United Parcel Service, Inc. $UPS Acquired by Capital Investment Counsel LLC

Capital Investment Counsel LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 28,873 shares of the transportation company’s stock, valued at approximately $2,841,000.

Several other large investors have also recently bought and sold shares of UPS. University of Texas Texas AM Investment Management Co. bought a new position in shares of United Parcel Service during the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at $25,000. Coston McIsaac & Partners increased its position in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC acquired a new stake in United Parcel Service during the 4th quarter worth $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in United Parcel Service during the 4th quarter worth $29,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. UBS Group dropped their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Evercore cut their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Susquehanna boosted their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Citigroup increased their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.90.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $108.01 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $91.81 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05. The stock’s 50-day moving average is $104.64 and its 200-day moving average is $105.02. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.