Keudell Morrison Wealth Management Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Keudell Morrison Wealth Management trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,262 shares of the transportation company’s stock after selling 414 shares during the period. Keudell Morrison Wealth Management’s holdings in United Parcel Service were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of United Parcel Service by 453.6% during the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 440 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at about $20,309,000. Newbridge Financial Services Group Inc. increased its stake in United Parcel Service by 67.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 300 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in United Parcel Service by 47,670.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock worth $61,582,000 after buying an additional 449,058 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its stake in shares of United Parcel Service by 3.8% in the third quarter. Neville Rodie & Shaw Inc. now owns 10,000 shares of the transportation company’s stock worth $1,363,000 after buying an additional 365 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $114.94 on Friday. The firm’s 50 day simple moving average is $128.72 and its two-hundred day simple moving average is $130.61. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $98.09 billion, a P/E ratio of 17.36, 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.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 company posted $2.47 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.67%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. increased their price objective on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.00.

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 stock in a transaction dated 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 completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction 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 Company 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.