Capital Investment Counsel Inc Has $4.98 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Capital Investment Counsel Inc boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,544 shares of the transportation company’s stock after purchasing an additional 5,829 shares during the period. United Parcel Service accounts for approximately 0.7% of Capital Investment Counsel Inc’s holdings, making the stock its 25th largest holding. Capital Investment Counsel Inc’s holdings in United Parcel Service were worth $4,982,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the second quarter worth about $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Stephens Consulting LLC grew its stake in shares of United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on UPS. The Goldman Sachs Group reduced their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company upped their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. UBS Group lowered their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.05.

United Parcel Service Price Performance

Shares of UPS opened at $131.41 on Thursday. The stock has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $136.15. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $112.56 billion, a PE ratio of 21.44, a P/E/G ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is presently 106.36%.

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.