Carnegie Lake Advisors LLC Has $883,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Carnegie Lake Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,005 shares of the transportation company’s stock after purchasing an additional 855 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in United Parcel Service were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UPS. Focus Financial Network Inc. raised its holdings in United Parcel Service by 4.2% in the 4th quarter. Focus Financial Network Inc. now owns 4,731 shares of the transportation company’s stock worth $623,000 after acquiring an additional 192 shares during the period. Principle Wealth Partners LLC grew its position in shares of United Parcel Service by 1.9% in the fourth quarter. Principle Wealth Partners LLC now owns 6,595 shares of the transportation company’s stock valued at $832,000 after purchasing an additional 125 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in shares of United Parcel Service by 42.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company’s stock worth $4,302,000 after purchasing an additional 10,176 shares during the period. Bristlecone Advisors LLC lifted its position in shares of United Parcel Service by 27.7% during the 4th quarter. Bristlecone Advisors LLC now owns 31,500 shares of the transportation company’s stock worth $3,972,000 after purchasing an additional 6,834 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $328,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other 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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.9 %

Shares of United Parcel Service stock opened at $114.18 on Tuesday. The stock has a market capitalization of $97.43 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $125.95 and a 200 day simple moving average of $129.25.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the company earned $2.47 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.75%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 96.45%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup cut their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Raymond James cut their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $140.73.

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.