United Parcel Service, Inc. (NYSE:UPS) Position Trimmed by Kennedy Investment Group

Kennedy Investment Group lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,105 shares of the transportation company’s stock after selling 91 shares during the period. Kennedy Investment Group’s holdings in United Parcel Service were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UPS. IFS Advisors LLC increased its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service during the 3rd quarter valued at $36,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. UBS Group increased their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Trading Down 0.6 %

Shares of UPS opened at $135.46 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $158.95. The company has a 50 day simple moving average of $128.97 and a two-hundred day simple moving average of $130.75. The firm has a market cap of $115.59 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

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 given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Insider Activity at United Parcel Service

In other United Parcel Service 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 value of $1,015,025.25. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.