Texas Yale Capital Corp. Sells 84,681 Shares of United Parcel Service, Inc. (NYSE:UPS)

Texas Yale Capital Corp. lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,681 shares of the transportation company’s stock after selling 84,681 shares during the period. United Parcel Service makes up about 0.7% of Texas Yale Capital Corp.’s holdings, making the stock its 23rd biggest position. Texas Yale Capital Corp.’s holdings in United Parcel Service were worth $8,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Access Financial Services Inc. increased its holdings in shares of United Parcel Service by 8.1% in the 2nd quarter. Access Financial Services Inc. now owns 17,217 shares of the transportation company’s stock worth $1,778,000 after buying an additional 1,291 shares during the last quarter. Cypress Wealth Services LLC increased its holdings in shares of United Parcel Service by 0.9% in the 2nd quarter. Cypress Wealth Services LLC now owns 33,819 shares of the transportation company’s stock worth $3,493,000 after buying an additional 308 shares during the last quarter. Bartlett & Co. LLC increased its holdings in shares of United Parcel Service by 22.2% in the 2nd quarter. Bartlett & Co. LLC now owns 51,668 shares of the transportation company’s stock worth $5,336,000 after buying an additional 9,390 shares during the last quarter. BB&T Corp increased its holdings in shares of United Parcel Service by 0.7% in the 2nd quarter. BB&T Corp now owns 260,614 shares of the transportation company’s stock worth $26,914,000 after buying an additional 1,725 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of United Parcel Service by 31.9% in the 2nd quarter. Grove Bank & Trust now owns 4,718 shares of the transportation company’s stock worth $488,000 after buying an additional 1,141 shares during the last quarter. 55.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of UPS stock traded up $0.22 on Friday, hitting $117.20. 3,669,333 shares of the company’s stock traded hands, compared to its average volume of 3,982,929. The company has a quick ratio of 1.13, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $125.09. The firm’s fifty day moving average is $105.94. The stock has a market cap of $100.69 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The company had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.

UPS has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of United Parcel Service in a report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price target on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $114.00 price target on shares of United Parcel Service in a report on Thursday, July 25th. UBS Group increased their price target on shares of United Parcel Service to $128.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Cowen reissued a “market perform” rating and issued a $116.00 price target (down previously from $118.00) on shares of United Parcel Service in a report on Friday, April 26th. Finally, Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target on the stock in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $118.82.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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