United Parcel Service, Inc. (NYSE:UPS) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,084 shares of the transportation company’s stock after selling 231 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in United Parcel Service were worth $1,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UPS. Quarry LP grew its stake in shares of United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 440 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in United Parcel Service by 8.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock valued at $3,312,000 after buying an additional 1,863 shares during the last quarter. EP Wealth Advisors LLC increased its stake in United Parcel Service by 30.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock valued at $3,687,000 after buying an additional 6,265 shares during the period. 3Chopt Investment Partners LLC purchased a new position in United Parcel Service during the 2nd quarter worth $363,000. Finally, Founders Financial Alliance LLC lifted its stake in shares of 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 worth $691,000 after acquiring an additional 110 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.6 %

United Parcel Service stock opened at $135.46 on Wednesday. The stock has a 50-day moving average price of $129.01 and a 200 day moving average price of $130.70. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $158.95. The stock has a market cap of $115.59 billion, a PE ratio of 20.46, a P/E/G ratio of 1.86 and a beta of 1.00. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on UPS. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on 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 completion of the sale, the insider now owns 45,098 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

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.