Cypress Wealth Services LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Cypress Wealth Services LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,345 shares of the transportation company’s stock after selling 880 shares during the period. Cypress Wealth Services LLC’s holdings in United Parcel Service were worth $3,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Synovus Financial Corp raised its stake in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares during the period. Van ECK Associates Corp boosted its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC grew its stake in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of United Parcel Service by 30.7% during the 4th quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock worth $367,300,000 after buying an additional 685,259 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UPS. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Citigroup cut their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI raised their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.10.

Insider Activity at United Parcel Service

In other United Parcel Service 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 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 $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $129.97 on Friday. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $110.91 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.73 and a beta of 1.00. The business’s 50 day moving average is $129.09 and its two-hundred day moving average is $130.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.