Cyndeo Wealth Partners LLC Acquires 33,509 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cyndeo Wealth Partners LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 106.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,131 shares of the transportation company’s stock after acquiring an additional 33,509 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $8,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the 2nd quarter worth approximately $28,000. Stephens Consulting LLC grew its holdings in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Riverview Trust Co purchased a new position in United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. boosted its position in United Parcel Service by 1,933.3% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock valued at $36,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Up 0.4 %

NYSE:UPS opened at $135.93 on Friday. The firm has a market capitalization of $116.30 billion, a P/E ratio of 19.70, a PEG ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company’s 50-day simple moving average is $130.21 and its 200 day simple moving average is $136.57.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UPS shares. Stifel Nicolaus decreased their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. UBS Group lowered their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Bank of America cut their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Finally, Stephens cut their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.24.

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.