Plimoth Trust Co. LLC Sells 367 Shares of United Parcel Service, Inc. (NYSE:UPS)

Plimoth Trust Co. LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,842 shares of the transportation company’s stock after selling 367 shares during the quarter. Plimoth Trust Co. LLC’s holdings in United Parcel Service were worth $1,998,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Swedbank AB lifted its holdings in shares of United Parcel Service by 6.3% in the 4th quarter. Swedbank AB now owns 298,088 shares of the transportation company’s stock worth $37,589,000 after buying an additional 17,579 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of United Parcel Service by 3.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company’s stock worth $8,190,000 after purchasing an additional 1,997 shares during the last quarter. R Squared Ltd purchased a new stake in shares of United Parcel Service during the 4th quarter worth $226,000. Accordant Advisory Group Inc lifted its stake in shares of United Parcel Service by 7.0% during the 4th quarter. Accordant Advisory Group Inc now owns 14,463 shares of the transportation company’s stock worth $1,824,000 after purchasing an additional 942 shares during the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in shares of United Parcel Service by 6.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,383 shares of the transportation company’s stock worth $679,000 after purchasing an additional 343 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS stock traded down $0.15 during mid-day trading on Wednesday, reaching $135.27. 418,512 shares of the company’s stock were exchanged, compared to its average volume of 4,150,372. The company has a market cap of $115.44 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The stock’s 50 day moving average is $129.01 and its 200 day moving average is $130.70. 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 12-month low of $121.56 and a 12-month high of $158.95.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.82%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wolfe Research raised 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 report on Wednesday, January 8th. Susquehanna upped their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.24.

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.