United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,944 shares of the transportation company’s stock after selling 1,253 shares during the quarter. Perigon Wealth Management LLC’s holdings in United Parcel Service were worth $3,631,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in United Parcel Service by 5,136.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. UBS Group raised their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company dropped 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 research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price target on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

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 firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 0.6 %

NYSE:UPS opened at $135.46 on Wednesday. The company has a market cap of $115.59 billion, a PE ratio of 20.46, a P/E/G ratio of 1.86 and a beta of 1.00. The business’s 50 day moving average is $128.97 and its two-hundred day moving average is $130.75. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $158.95.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

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.