United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,361 shares of the transportation company’s stock after selling 2,034 shares during the period. Diversified Trust Co’s holdings in United Parcel Service were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cigna Investments Inc. New lifted 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 buying an additional 75 shares during the period. Banco Santander S.A. lifted its holdings in 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 acquiring an additional 79 shares during the last quarter. Gleason Group Inc. lifted its holdings in 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 acquiring an additional 80 shares during the last quarter. Tradewinds LLC. boosted its position 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 valued at $612,000 after purchasing an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its stake in shares of United Parcel Service by 1.2% in the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after purchasing an additional 83 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer lifted their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Stock Performance

UPS opened at $126.70 on Thursday. The stock has a 50-day moving average of $129.90 and a 200-day moving average of $131.37. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $122.01 and a 52-week high of $161.48. The company has a market cap of $108.12 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio 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.