Cacti Asset Management LLC Has $36.04 Million Stock Holdings in United Parcel Service, Inc. $UPS

Cacti Asset Management LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,570 shares of the transportation company’s stock after selling 8,500 shares during the period. United Parcel Service accounts for approximately 2.2% of Cacti Asset Management LLC’s holdings, making the stock its 15th largest position. Cacti Asset Management LLC’s holdings in United Parcel Service were worth $36,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Brighton Jones LLC boosted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in United Parcel Service during the second quarter worth $277,000. SVB Wealth LLC bought a new position in United Parcel Service during the second quarter valued at about $848,000. Rothschild Investment LLC raised its holdings in United Parcel Service by 14.5% during the second quarter. Rothschild Investment LLC now owns 6,762 shares of the transportation company’s stock valued at $683,000 after buying an additional 854 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of United Parcel Service by 31.5% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,909 shares of the transportation company’s stock worth $294,000 after buying an additional 696 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Susquehanna boosted their target price on United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Truist Financial upped their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. Finally, Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $113.67.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $96.90 on Thursday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The firm has a market capitalization of $82.28 billion, a PE ratio of 14.77, a PEG ratio of 1.54 and a beta of 1.08. The business’s 50 day moving average is $109.64 and its 200-day moving average is $98.16. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.United Parcel Service’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

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

United Parcel Service Profile

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.