Texas Yale Capital Corp. Has $2.69 Million Stock Position in United Parcel Service, Inc. $UPS

Texas Yale Capital Corp. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 18.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd increased its holdings in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $34,000. FNY Investment Advisers LLC bought a new position in United Parcel Service in the second quarter valued at approximately $34,000. Finally, Salzhauer Michael bought a new position in United Parcel Service in the third quarter valued at approximately $31,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UPS shares. Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Friday, January 9th. Stephens upped their price objective on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Evercore raised their price objective on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Finally, Oppenheimer increased their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Trading Up 0.9%

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

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, February 17th. United Parcel Service’s payout ratio is presently 100.00%.

Insider Transactions at United Parcel Service

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

About United Parcel Service

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.