Park Place Capital Corp Reduces Stake in United Parcel Service, Inc. (NYSE:UPS)

Park Place Capital Corp lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 42.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,036 shares of the transportation company’s stock after selling 769 shares during the quarter. Park Place Capital Corp’s holdings in United Parcel Service were worth $131,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC increased its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC grew its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC grew its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the period. PSI Advisors LLC increased its holdings in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service during the 3rd quarter worth $36,000. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UPS. JPMorgan Chase & Co. upped their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. UBS Group lifted their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI increased their target price 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. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday, January 16th. Finally, Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.38.

United Parcel Service Trading Down 0.2 %

UPS stock opened at $132.59 on Thursday. The firm has a market cap of $113.15 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The firm has a fifty day moving average price of $128.97 and a 200 day moving average price of $130.81. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the firm posted $1.57 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction 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 completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.