United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Atwater Malick LLC

Atwater Malick LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,435 shares of the transportation company’s stock after selling 1,387 shares during the period. United Parcel Service makes up approximately 1.0% of Atwater Malick LLC’s investment portfolio, making the stock its 24th largest position. Atwater Malick LLC’s holdings in United Parcel Service were worth $3,081,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Cigna Investments Inc. New grew its holdings in shares of United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares during the period. Banco Santander S.A. grew its stake in shares of United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after buying an additional 79 shares during the period. Gleason Group Inc. grew its stake in shares of United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after buying an additional 80 shares during the period. Tradewinds LLC. increased its holdings in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its position in shares of United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after buying an additional 83 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. 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 note on Wednesday, January 8th. Evercore ISI raised their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company reduced their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.10.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Down 0.1 %

Shares of NYSE:UPS opened at $129.77 on Friday. The firm has a 50 day simple moving average of $129.01 and a 200-day simple moving average of $130.97. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $110.74 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.