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

Cyndeo Wealth Partners LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 106.0% in the third quarter, HoldingsChannel reports. The firm owned 65,131 shares of the transportation company’s stock after buying an additional 33,509 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $8,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service during the second quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC grew its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. Stephens Consulting LLC increased its stake in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on UPS. Barclays cut their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Evercore ISI decreased their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. BMO Capital Markets lowered their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Stock Performance

NYSE:UPS opened at $135.93 on Friday. The company has a market cap of $116.30 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock’s 50 day simple moving average is $130.21 and its two-hundred day simple moving average is $136.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the company earned $2.54 EPS. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.