United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Cypress Wealth Services LLC

Cypress Wealth Services LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,345 shares of the transportation company’s stock after selling 880 shares during the quarter. Cypress Wealth Services LLC’s holdings in United Parcel Service were worth $3,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC raised its position in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service during the 3rd quarter worth $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. JPMorgan Chase & Co. upped their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Susquehanna lifted their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Finally, UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.10.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 2.0 %

UPS opened at $129.97 on Friday. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $161.35. The company has a market cap of $110.91 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.73 and a beta of 1.00. The business’s fifty day moving average is $129.09 and its two-hundred day moving average is $130.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

United Parcel Service Company 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.