Park Place Capital Corp Sells 769 Shares of United Parcel Service, Inc. (NYSE:UPS)

Park Place Capital Corp trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. IFS Advisors LLC boosted its stake in shares of 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 purchasing an additional 151 shares during the period. True Wealth Design LLC raised its holdings in 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 buying an additional 171 shares during the last quarter. PSI Advisors LLC boosted its position in United Parcel Service by 408.2% during the 3rd 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 period. Princeton Global Asset Management LLC grew its holdings in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the third quarter valued at about $36,000. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $132.59 on Thursday. The business 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 current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $113.15 billion, a PE ratio of 20.03, a PEG ratio of 1.87 and a beta of 1.00. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the business earned $1.57 EPS. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on UPS shares. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer raised their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.38.

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.