United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,009 shares of the transportation company's stock after selling 7,773 shares during the quarter. Carnegie Investment Counsel's holdings in United Parcel Service were worth $1,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. True Wealth Design LLC raised its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after buying an additional 171 shares in the last quarter. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the period. Princeton Global Asset Management LLC raised its position in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after acquiring an additional 216 shares in the last quarter. PSI Advisors LLC lifted its holdings in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after acquiring an additional 200 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 3rd quarter worth $36,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore ISI raised their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. Oppenheimer boosted their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Barclays restated an "underweight" rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus upped their target price on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.10.

United Parcel Service Trading Down 0.1 %

United Parcel Service stock traded down $0.17 during trading on Friday, hitting $129.77. The company's stock had a trading volume of 4,260,034 shares, compared to its average volume of 3,680,905. The stock's fifty day moving average is $128.95 and its 200 day moving average is $130.90. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35. The stock has a market capitalization of $110.74 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service's dividend payout ratio is presently 98.49%.

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.