Carroll Financial Associates Inc. Sells 357 Shares of United Parcel Service Inc. (UPS)
Carroll Financial Associates Inc. decreased its position in United Parcel Service Inc. (NYSE:UPS) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,799 shares of the company’s stock after selling 357 shares during the period. Carroll Financial Associates Inc.’s holdings in United Parcel Service were worth $1,399,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Americafirst Capital Management LLC acquired a new position in United Parcel Service during the second quarter worth about $102,000. Security National Trust Co. boosted its position in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares during the last quarter. Advisory Services Network LLC boosted its position in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares during the last quarter. Kanaly Trust Co boosted its position in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,465 shares of the company’s stock worth $157,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.
United Parcel Service Inc. (NYSE:UPS) traded down 0.31% on Wednesday, hitting $115.92. The stock had a trading volume of 3,353,581 shares. The company has a market cap of $101.16 billion, a P/E ratio of 20.66 and a beta of 0.89. The stock’s 50-day moving average is $110.61 and its 200-day moving average is $108.26. United Parcel Service Inc. has a 52-week low of $87.30 and a 52-week high of $116.96.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The business earned $14.93 billion during the quarter, compared to analyst estimates of $14.72 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Analysts expect that United Parcel Service Inc. will post $5.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, November 9th. United Parcel Service’s payout ratio is currently 55.52%.
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UPS has been the subject of several recent research reports. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $116.00 price objective (up previously from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. Argus upped their price objective on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Barclays PLC upped their price objective on United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, September 12th. William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. Finally, Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $113.40.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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