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

Cypress Wealth Services LLC raised 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 13F filing with the SEC. The institutional investor owned 25,453 shares of the transportation company’s stock after purchasing an additional 1,108 shares during the quarter. Cypress Wealth Services LLC’s holdings in United Parcel Service were worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. LaFleur & Godfrey LLC raised its stake in shares of United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock worth $785,000 after purchasing an additional 2,401 shares in the last quarter. Brighton Jones LLC raised 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 in the last quarter. Optas LLC lifted its position in shares of United Parcel Service by 26.2% in the fourth quarter. Optas LLC now owns 2,198 shares of the transportation company’s stock worth $277,000 after buying an additional 456 shares during the last quarter. Trust Point Inc. increased its holdings in shares of United Parcel Service by 26.3% during the 4th quarter. Trust Point Inc. now owns 5,132 shares of the transportation company’s stock valued at $647,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at approximately $694,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Wolfe Research lowered their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. Finally, Stifel Nicolaus decreased their price target on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Up 0.5%

Shares of NYSE UPS opened at $98.57 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $83.47 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The firm’s 50-day moving average is $97.81 and its 200-day moving average is $114.49. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

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

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.