Park Place Capital Corp Has $494,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Park Place Capital Corp trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,324 shares of the transportation company’s stock after selling 439 shares during the quarter. Park Place Capital Corp’s holdings in United Parcel Service were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the 4th quarter worth approximately $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the 4th quarter worth approximately $28,000. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Finally, Security National Bank purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley increased their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, TD Cowen reduced their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Price Performance

United Parcel Service stock opened at $135.95 on Tuesday. United Parcel Service, Inc. has a one year low of $132.90 and a one year high of $192.98. The business has a fifty day moving average price of $141.71 and a 200-day moving average price of $148.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The firm has a market capitalization of $116.31 billion, a P/E ratio of 19.70, a PEG ratio of 1.74 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company earned $2.20 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

About United Parcel Service

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.