Cacti Asset Management LLC Sells 8,500 Shares of United Parcel Service, Inc. $UPS

Cacti Asset Management LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 361,570 shares of the transportation company’s stock after selling 8,500 shares during the quarter. United Parcel Service makes up approximately 2.2% of Cacti Asset Management LLC’s holdings, making the stock its 15th biggest holding. Cacti Asset Management LLC’s holdings in United Parcel Service were worth $36,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in United Parcel Service during the second quarter worth $277,000. SVB Wealth LLC acquired a new position in United Parcel Service during the second quarter worth $848,000. Rothschild Investment LLC lifted its holdings in shares of United Parcel Service by 14.5% during the second quarter. Rothschild Investment LLC now owns 6,762 shares of the transportation company’s stock valued at $683,000 after acquiring an additional 854 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of United Parcel Service by 31.5% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,909 shares of the transportation company’s stock valued at $294,000 after acquiring an additional 696 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.9%

UPS opened at $96.90 on Thursday. The firm has a 50 day simple moving average of $109.64 and a 200 day simple moving average of $98.16. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company has a market cap of $82.28 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the firm earned $2.75 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. Sanford C. Bernstein upped their target price on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. BMO Capital Markets lifted their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research note on Tuesday, January 13th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.