Cyndeo Wealth Partners LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cyndeo Wealth Partners LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,812 shares of the transportation company’s stock after selling 278 shares during the period. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $7,569,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Traphagen Investment Advisors LLC boosted its stake in United Parcel Service by 25.7% during the 1st quarter. Traphagen Investment Advisors LLC now owns 2,624 shares of the transportation company’s stock worth $289,000 after purchasing an additional 536 shares during the period. Abound Wealth Management boosted its stake in United Parcel Service by 44.9% during the 1st quarter. Abound Wealth Management now owns 410 shares of the transportation company’s stock worth $45,000 after purchasing an additional 127 shares during the period. Good Life Advisors LLC boosted its stake in United Parcel Service by 71.6% during the 1st quarter. Good Life Advisors LLC now owns 40,321 shares of the transportation company’s stock worth $4,435,000 after purchasing an additional 16,826 shares during the period. Brighton Jones LLC boosted its stake in United Parcel Service by 10.3% during the 1st quarter. Brighton Jones LLC now owns 13,376 shares of the transportation company’s stock worth $1,471,000 after purchasing an additional 1,250 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in United Parcel Service by 27,291.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 217,488 shares of the transportation company’s stock worth $23,922,000 after purchasing an additional 216,694 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.0%

Shares of NYSE UPS opened at $99.89 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The firm has a 50-day moving average price of $97.49 and a 200 day moving average price of $112.52. The stock has a market capitalization of $84.58 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS 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 during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of analysts recently weighed in on UPS shares. Raymond James decreased their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Citigroup decreased their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Oppenheimer decreased their price target on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, Bank of America raised their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $120.26.

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.