Catalyst Financial Partners LLC Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

Catalyst Financial Partners LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,492 shares of the transportation company’s stock after selling 279 shares during the quarter. Catalyst Financial Partners LLC’s holdings in United Parcel Service were worth $274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $27,000. Citizens National Bank Trust Department raised its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $28,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $100.12 on Tuesday. The stock has a market cap of $84.78 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The company has a fifty day simple moving average of $99.51 and a 200-day simple moving average of $108.63. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the business earned $1.43 EPS. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.55%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of analysts have recently issued reports on UPS shares. Truist Financial cut their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Oppenheimer dropped their target price on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, BMO Capital Markets dropped their target price on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $119.13.

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.