Farmers & Merchants Trust Co of Chambersburg PA Sells 100 Shares of United Parcel Service, Inc. (NYSE:UPS)

Farmers & Merchants Trust Co of Chambersburg PA trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,321 shares of the transportation company’s stock after selling 100 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in United Parcel Service were worth $167,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UPS. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. PSI Advisors LLC grew its stake in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in United Parcel Service in the 3rd quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors.

Insider Transactions 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 shares were 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 directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $115.74 on Friday. The company has a market cap of $98.77 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average of $124.96 and a two-hundred day moving average of $128.96.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the business earned $2.47 earnings per share. As a group, analysts predict that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s payout ratio is presently 96.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group dropped their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Raymond James dropped their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

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.