Cypress Wealth Services LLC Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cypress Wealth Services LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,453 shares of the transportation company’s stock after buying an additional 1,108 shares during the quarter. Cypress Wealth Services LLC’s holdings in United Parcel Service were worth $2,800,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UPS. Quent Capital LLC boosted its holdings in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the last quarter. Altus Wealth Group LLC increased its stake in United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Alliance Wealth Advisors LLC raised its holdings in shares of United Parcel Service by 3.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock worth $323,000 after purchasing an additional 94 shares during the period. Morningstar Investment Management LLC lifted its stake in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 95 shares in the last quarter. Finally, Colonial Trust Co SC increased its position in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James reduced their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Truist Financial dropped their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service Stock Performance

UPS stock opened at $98.57 on Thursday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The stock has a market capitalization of $83.47 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock’s fifty day moving average is $97.81 and its two-hundred day moving average is $114.49.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the firm posted $1.43 EPS. United Parcel Service’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.66%. United Parcel Service’s payout ratio is 95.63%.

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.