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

Farmers & Merchants Trust Co of Chambersburg PA lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,321 shares of the transportation company’s stock after selling 100 shares during the period. 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.

A number of other large investors have also added to or reduced their stakes in UPS. AMF Tjanstepension AB grew its position in United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after purchasing an additional 30,815 shares during the period. Exchange Traded Concepts LLC grew its position in United Parcel Service by 2,441.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 8,641 shares of the transportation company’s stock worth $1,178,000 after purchasing an additional 8,301 shares during the period. Creative Planning grew its position in United Parcel Service by 3.5% in the 3rd quarter. Creative Planning now owns 245,539 shares of the transportation company’s stock worth $33,412,000 after purchasing an additional 8,320 shares during the period. Swedbank AB grew its position in shares of United Parcel Service by 2.8% during the 3rd quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock valued at $38,245,000 after acquiring an additional 7,675 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its position in shares of United Parcel Service by 27.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 4,363 shares of the transportation company’s stock valued at $580,000 after acquiring an additional 931 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPS shares. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Susquehanna cut their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Loop Capital cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $140.73.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s 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 sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 1.3 %

Shares of UPS stock opened at $115.74 on Friday. The stock has a market cap of $98.77 billion, a P/E ratio of 17.12, a PEG ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week 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’s fifty day simple moving average is $124.96 and its two-hundred day simple moving average is $128.96.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 previous year, the company posted $2.47 EPS. Analysts predict that United Parcel Service, Inc. will post 7.99 EPS for the current fiscal year.

United Parcel Service Increases Dividend

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

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.