Texas Yale Capital Corp. Sells 7,325 Shares of United Parcel Service, Inc. $UPS

Texas Yale Capital Corp. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,178 shares of the transportation company’s stock after selling 7,325 shares during the quarter. Texas Yale Capital Corp.’s holdings in United Parcel Service were worth $2,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. MRA Advisory Group increased its position in shares of United Parcel Service by 21.9% during the third quarter. MRA Advisory Group now owns 4,113 shares of the transportation company’s stock worth $344,000 after buying an additional 739 shares during the period. Denali Advisors LLC raised its position in shares of United Parcel Service by 3.4% in the 3rd quarter. Denali Advisors LLC now owns 6,100 shares of the transportation company’s stock worth $510,000 after acquiring an additional 200 shares in the last quarter. Atticus Wealth Management LLC lifted its stake in shares of United Parcel Service by 205.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 4,629 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 3,115 shares during the period. Smithfield Trust Co boosted its position in shares of United Parcel Service by 51.1% during the 3rd quarter. Smithfield Trust Co now owns 1,954 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 661 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in United Parcel Service by 3.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 253,718 shares of the transportation company’s stock worth $21,193,000 after purchasing an additional 9,246 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.9%

UPS opened at $119.15 on Tuesday. The firm has a market capitalization of $101.09 billion, a PE ratio of 18.16, a P/E/G ratio of 1.89 and a beta of 1.10. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70. The company’s 50-day moving average is $106.50 and its 200 day moving average is $95.01.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.5%. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Evercore boosted their target price on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. BMO Capital Markets raised their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Finally, TD Cowen raised their target price on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $113.67.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.