Cyndeo Wealth Partners LLC Lowers Holdings in United Parcel Service, Inc. $UPS

Cyndeo Wealth Partners LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 72.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,930 shares of the transportation company’s stock after selling 49,882 shares during the period. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter worth about $26,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Hemington Wealth Management lifted its position in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of United Parcel Service in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service in the first quarter worth about $33,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 2.7%

UPS opened at $82.97 on Friday. The stock has a market cap of $70.32 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.57 and a beta of 1.10. The stock’s 50 day moving average price is $85.74 and its 200-day moving average price is $94.45. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.79 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. BNP Paribas upgraded United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Citigroup decreased their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $109.38.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by insiders.

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.