Cypress Capital Group Purchases 2,130 Shares of United Parcel Service, Inc. $UPS

Cypress Capital Group lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,483 shares of the transportation company’s stock after buying an additional 2,130 shares during the period. Cypress Capital Group’s holdings in United Parcel Service were worth $1,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Founders Capital Management LLC lifted its stake in shares of United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after buying an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC bought a new position in United Parcel Service during the first quarter valued at approximately $620,000. Garde Capital Inc. bought a new position in United Parcel Service during the first quarter valued at approximately $37,000. Capital CS Group LLC lifted its position in United Parcel Service by 3.6% during the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after purchasing an additional 8,070 shares during the period. Finally, CX Institutional lifted its position in United Parcel Service by 39.9% during the second quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after purchasing an additional 17,152 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost 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 trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock valued at $1,477,382 in the last three months. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 2.7%

Shares of UPS stock opened at $82.97 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $70.32 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10. The company’s fifty day moving average price is $85.74 and its 200-day moving average price is $94.22. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during 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 business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UPS shares. Morgan Stanley lowered their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 30th. Barclays reduced their target price on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Bank of America decreased their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Wolfe Research decreased their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Finally, BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. One equities research 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 issued a Sell rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $109.38.

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.