Park Place Capital Corp Has $328,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Park Place Capital Corp lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,396 shares of the transportation company’s stock after selling 928 shares during the period. Park Place Capital Corp’s holdings in United Parcel Service were worth $328,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Point Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth about $708,000. WealthShield Partners LLC boosted its position in shares of United Parcel Service by 6.8% during the 4th quarter. WealthShield Partners LLC now owns 2,923 shares of the transportation company’s stock worth $460,000 after purchasing an additional 186 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of United Parcel Service by 20.0% during the 4th quarter. Advisory Alpha LLC now owns 1,586 shares of the transportation company’s stock worth $249,000 after purchasing an additional 264 shares in the last quarter. Breakwater Capital Group boosted its position in shares of United Parcel Service by 3.8% during the 4th quarter. Breakwater Capital Group now owns 3,510 shares of the transportation company’s stock worth $557,000 after purchasing an additional 127 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of United Parcel Service by 20.6% during the 4th quarter. SteelPeak Wealth LLC now owns 2,581 shares of the transportation company’s stock worth $406,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock traded down $1.37 during midday trading on Monday, reaching $126.69. 2,737,229 shares of the company traded hands, compared to its average volume of 4,262,109. The firm has a market capitalization of $108.39 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The business has a 50 day moving average of $136.28 and a two-hundred day moving average of $144.50. United Parcel Service, Inc. has a 12 month low of $124.80 and a 12 month high of $184.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.54 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 7.64 earnings per share for the current year.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. UBS Group decreased their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $154.95.

Insiders Place Their Bets

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.