Carmel Capital Partners LLC Has $1.96 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Carmel Capital Partners LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,525 shares of the transportation company’s stock after buying an additional 834 shares during the quarter. United Parcel Service makes up 0.8% of Carmel Capital Partners LLC’s holdings, 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 large investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at about $393,680,000. Two Sigma Advisers LP boosted its stake in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after purchasing an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after purchasing an additional 1,378,136 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of United Parcel Service by 30.7% during the fourth quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock valued at $367,300,000 after purchasing an additional 685,259 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the company from $160.00 to $130.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective 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. Citigroup lowered their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Up 2.0 %

UPS stock opened at $119.10 on Thursday. The stock’s fifty day simple moving average is $121.94 and its two-hundred day simple moving average is $127.88. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The stock has a market cap of $101.73 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.55 and a beta of 0.98.

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 period in the previous year, the company earned $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced 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 of this dividend is Tuesday, February 18th. 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%. United Parcel Service’s payout ratio is presently 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.