United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,848 shares of the transportation company's stock after selling 4,792 shares during the quarter. Texas Yale Capital Corp.'s holdings in United Parcel Service were worth $6,412,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nixon Capital LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $1,577,000. FIL Ltd raised its stake in shares of United Parcel Service by 24.2% during the 4th quarter. FIL Ltd now owns 32,759 shares of the transportation company's stock valued at $4,131,000 after buying an additional 6,375 shares during the last quarter. Twin Capital Management Inc. boosted its stake in shares of United Parcel Service by 4.5% in the fourth quarter. Twin Capital Management Inc. now owns 17,876 shares of the transportation company's stock worth $2,254,000 after buying an additional 768 shares during the last quarter. Trek Financial LLC grew its holdings in United Parcel Service by 43.1% during the fourth quarter. Trek Financial LLC now owns 6,804 shares of the transportation company's stock worth $858,000 after acquiring an additional 2,050 shares during the period. Finally, FMR LLC raised its position in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UPS shares. Susquehanna dropped their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Citigroup decreased their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America cut their price target on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. StockNews.com downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Wells Fargo & Company cut their price objective on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $131.32.

United Parcel Service Trading Up 0.4 %

NYSE:UPS traded up $0.39 on Friday, reaching $96.95. 5,542,916 shares of the company's stock were exchanged, compared to its average volume of 4,811,646. The business has a fifty day moving average of $112.11 and a 200-day moving average of $123.91. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The firm has a market capitalization of $82.81 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the business earned $2.47 earnings per share. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 97.04%.

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.