Cyndeo Wealth Partners LLC Buys 74,026 Shares of United Parcel Service, Inc. $UPS

Cyndeo Wealth Partners LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 411.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,033 shares of the transportation company’s stock after buying an additional 74,026 shares during the period. Cyndeo Wealth Partners LLC’s holdings in United Parcel Service were worth $9,129,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UPS. CFS Investment Advisory Services LLC lifted its stake in shares of United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 108 shares during the period. Center for Financial Planning Inc. lifted its position in United Parcel Service by 4.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 112 shares during the period. Regal Investment Advisors LLC grew its holdings in United Parcel Service by 1.6% in the third quarter. Regal Investment Advisors LLC now owns 7,129 shares of the transportation company’s stock worth $596,000 after purchasing an additional 114 shares during the period. Wealth Advisory Solutions LLC increased its stake in shares of United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 118 shares in the last quarter. Finally, Winch Advisory Services LLC increased its stake in shares of United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Oppenheimer boosted their price target on United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein boosted their target price on United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Truist Financial increased their target price on United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Citigroup reduced their price target on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, BMO Capital Markets upped their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Stock Down 0.6%

UPS stock opened at $95.94 on Friday. The stock has a market capitalization of $81.46 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The business has a fifty day moving average price of $109.19 and a 200-day moving average price of $98.30.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the firm posted $2.75 earnings per share. United Parcel Service’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insider Buying and Selling at United Parcel Service

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

United Parcel Service Company 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.