Total Clarity Wealth Management Inc. Sells 2,419 Shares of United Parcel Service, Inc. (NYSE:UPS)

Total Clarity Wealth Management Inc. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,731 shares of the transportation company's stock after selling 2,419 shares during the period. Total Clarity Wealth Management Inc.'s holdings in United Parcel Service were worth $2,740,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UPS. Cigna Investments Inc. New grew its stake in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock valued at $1,024,000 after purchasing an additional 75 shares during the last quarter. Banco Santander S.A. grew its stake in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock valued at $1,717,000 after purchasing an additional 79 shares during the last quarter. Gleason Group Inc. grew its stake in United Parcel Service by 1.2% during the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company's stock valued at $897,000 after purchasing an additional 80 shares during the last quarter. Tradewinds LLC. grew its stake in United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock valued at $612,000 after purchasing an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora grew its stake in United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock valued at $979,000 after purchasing an additional 83 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business'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 completion of the transaction, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $114.19 on Friday. The firm's fifty day moving average price is $128.72 and its 200 day moving average price is $130.61. United Parcel Service, Inc. has a 1-year low of $109.62 and a 1-year high of $158.95. 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 firm has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its 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 6.25% and a return on equity of 37.38%. During the same quarter last year, the company posted $2.47 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors 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 5.71%. United Parcel Service's dividend payout ratio is presently 98.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UPS. Bank of America lowered their target price on United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday. Baird R W cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday. BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. The Goldman Sachs Group cut their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday. Finally, Raymond James cut their target price on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $141.95.

United Parcel Service 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.

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