CCM Investment Advisers LLC Purchases 560 Shares of United Parcel Service, Inc. (NYSE:UPS)

CCM Investment Advisers LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,149 shares of the transportation company’s stock after purchasing an additional 560 shares during the quarter. CCM Investment Advisers LLC’s holdings in United Parcel Service were worth $9,053,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its position in shares of United Parcel Service by 25.8% during the fourth quarter. Bleakley Financial Group LLC now owns 28,445 shares of the transportation company’s stock valued at $4,472,000 after purchasing an additional 5,832 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in United Parcel Service by 9.2% during the fourth quarter. Valley National Advisers Inc. now owns 4,184 shares of the transportation company’s stock worth $657,000 after acquiring an additional 351 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in United Parcel Service in the fourth quarter worth $101,000. Hudson Canyon Capital Management grew its stake in United Parcel Service by 7.8% in the 4th quarter. Hudson Canyon Capital Management now owns 10,475 shares of the transportation company’s stock valued at $1,647,000 after purchasing an additional 754 shares during the period. Finally, Tobam raised its stake in shares of United Parcel Service by 26.0% during the 4th quarter. Tobam now owns 4,976 shares of the transportation company’s stock worth $782,000 after purchasing an additional 1,026 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Down 0.3 %

NYSE UPS traded down $0.40 during trading hours on Friday, reaching $125.81. 3,823,738 shares of the company’s stock traded hands, compared to its average volume of 4,284,486. The firm has a market cap of $107.64 billion, a PE ratio of 18.18, a PEG ratio of 1.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $182.25. The firm has a 50-day simple moving average of $135.33 and a 200 day simple moving average of $143.79.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.64 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Ratings Changes

A number of research analysts have weighed in on UPS shares. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays lowered their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $154.95.

About United Parcel Service

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.