Parsons Capital Management Inc. RI Has $719,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Parsons Capital Management Inc. RI decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,702 shares of the transportation company’s stock after selling 1,427 shares during the period. Parsons Capital Management Inc. RI’s holdings in United Parcel Service were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Quarry LP raised its stake in United Parcel Service by 453.6% during the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after acquiring an additional 440 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in United Parcel Service by 8.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock worth $3,312,000 after purchasing an additional 1,863 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in United Parcel Service by 30.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock valued at $3,687,000 after purchasing an additional 6,265 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new stake in United Parcel Service in the second quarter valued at approximately $363,000. Finally, Founders Financial Alliance LLC grew its stake in shares of United Parcel Service by 2.2% during the second quarter. Founders Financial Alliance LLC now owns 5,053 shares of the transportation company’s stock worth $691,000 after buying an additional 110 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 0.6 %

United Parcel Service stock opened at $135.46 on Wednesday. The company has a market capitalization of $115.59 billion, a PE ratio of 20.46, a PEG ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $158.95. The firm’s fifty day moving average is $128.97 and its 200 day moving average is $130.75. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. UBS Group boosted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer raised their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Citigroup decreased their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

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.