Cyndeo Wealth Partners LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cyndeo Wealth Partners LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 6.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 69,090 shares of the transportation company’s stock after buying an additional 3,959 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $8,712,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. AM Investment Strategies LLC boosted its position in United Parcel Service by 29.9% during the 4th quarter. AM Investment Strategies LLC now owns 20,869 shares of the transportation company’s stock valued at $2,632,000 after acquiring an additional 4,805 shares in the last quarter. Gradient Investments LLC lifted its stake in shares of United Parcel Service by 12.1% in the 4th quarter. Gradient Investments LLC now owns 1,693 shares of the transportation company’s stock valued at $213,000 after purchasing an additional 183 shares during the period. CX Institutional boosted its position in shares of United Parcel Service by 28.3% during the fourth quarter. CX Institutional now owns 44,167 shares of the transportation company’s stock valued at $5,570,000 after purchasing an additional 9,733 shares in the last quarter. Southland Equity Partners LLC grew its stake in United Parcel Service by 22.7% in the fourth quarter. Southland Equity Partners LLC now owns 2,688 shares of the transportation company’s stock worth $339,000 after purchasing an additional 498 shares during the period. Finally, Sound Income Strategies LLC grew its stake in United Parcel Service by 5,576.9% in the fourth quarter. Sound Income Strategies LLC now owns 105,817 shares of the transportation company’s stock worth $13,343,000 after purchasing an additional 103,953 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UPS shares. Evercore ISI lifted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Susquehanna boosted their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Price Performance

United Parcel Service stock opened at $132.98 on Friday. 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 $161.35. The firm has a market cap of $113.48 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company’s 50 day moving average is $128.95 and its two-hundred day moving average is $130.82.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.