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

Parsons Capital Management Inc. RI cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,702 shares of the transportation company’s stock after selling 1,427 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in United Parcel Service were worth $719,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UPS. Quarry LP lifted its stake in United Parcel Service by 453.6% during the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 440 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of United Parcel Service by 8.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock valued at $3,312,000 after purchasing an additional 1,863 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in United Parcel Service by 30.3% during the second quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock worth $3,687,000 after purchasing an additional 6,265 shares during the last quarter. 3Chopt Investment Partners LLC bought a new stake in United Parcel Service in the 2nd quarter worth about $363,000. Finally, Founders Financial Alliance LLC increased its stake in United Parcel Service by 2.2% in the 2nd quarter. Founders Financial Alliance LLC now owns 5,053 shares of the transportation company’s stock valued at $691,000 after buying an additional 110 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.6 %

UPS stock opened at $135.46 on Wednesday. The stock has a 50-day simple moving average of $128.97 and a two-hundred day simple moving average of $130.75. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $158.95. The firm 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. 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 Dividend Announcement

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

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.