Evermay Wealth Management LLC Sells 925 Shares of United Parcel Service, Inc. (NYSE:UPS)

Evermay Wealth Management LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,750 shares of the transportation company’s stock after selling 925 shares during the quarter. Evermay Wealth Management LLC’s holdings in United Parcel Service were worth $221,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UPS. Waldron Private Wealth LLC lifted its stake in shares of United Parcel Service by 74.0% in the 4th quarter. Waldron Private Wealth LLC now owns 5,649 shares of the transportation company’s stock valued at $712,000 after purchasing an additional 2,403 shares during the period. Clear Creek Financial Management LLC lifted its stake in United Parcel Service by 153.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 7,720 shares of the transportation company’s stock valued at $974,000 after buying an additional 4,672 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of United Parcel Service by 9.5% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,339 shares of the transportation company’s stock worth $547,000 after buying an additional 376 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $40,000. Finally, Powers Advisory Group LLC raised its position in shares of United Parcel Service by 2.8% in the 4th quarter. Powers Advisory Group LLC now owns 4,131 shares of the transportation company’s stock valued at $521,000 after acquiring an additional 111 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UPS. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group decreased their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday. Oppenheimer raised their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Susquehanna lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Citigroup cut their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.95.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’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 completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

NYSE:UPS opened at $114.19 on Friday. The stock has a market capitalization of $97.45 billion, a PE ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00. United Parcel Service, Inc. has a 1-year low of $109.62 and a 1-year high of $158.95. The firm has a fifty day simple moving average of $128.31 and a 200 day simple moving average of $130.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same period in the prior year, the firm posted $2.47 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 dividend yield of 5.71%. United Parcel Service’s dividend payout ratio is currently 98.49%.

United Parcel Service 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.