Cyndeo Wealth Partners LLC Boosts Position in United Parcel Service, Inc. $UPS

Cyndeo Wealth Partners LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 411.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,033 shares of the transportation company’s stock after acquiring an additional 74,026 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $9,129,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UPS. Brighton Jones LLC increased its holdings in United Parcel Service by 63.8% during the fourth 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 during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of United Parcel Service during the 2nd quarter worth $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $848,000. TD Waterhouse Canada Inc. grew its position in shares of United Parcel Service by 7.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 29,232 shares of the transportation company’s stock valued at $3,070,000 after acquiring an additional 2,141 shares during the period. Finally, Prudential PLC increased its stake in shares of United Parcel Service by 32.5% in the 2nd quarter. Prudential PLC now owns 13,928 shares of the transportation company’s stock worth $1,406,000 after purchasing an additional 3,414 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

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

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. Citigroup lowered their target price on United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Stifel Nicolaus increased their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a research report on Tuesday, January 13th. Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research report on Friday, January 9th. Finally, Truist Financial upped their target price on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Trading Down 0.6%

Shares of UPS opened at $95.94 on Friday. The firm has a market cap of $81.46 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.51 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, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a 50 day simple moving average of $109.19 and a two-hundred day simple moving average of $98.30.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

About United Parcel Service

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.