Cypress Capital LLC Has $2.34 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cypress Capital LLC grew its position in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,911 shares of the transportation company’s stock after purchasing an additional 275 shares during the quarter. Cypress Capital LLC’s holdings in United Parcel Service were worth $2,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MV Capital Management Inc. lifted its holdings in shares of United Parcel Service by 5.8% during the 4th quarter. MV Capital Management Inc. now owns 809 shares of the transportation company’s stock worth $173,000 after acquiring an additional 44 shares during the last quarter. Intrust Bank NA lifted its stake in United Parcel Service by 0.8% in the fourth quarter. Intrust Bank NA now owns 5,375 shares of the transportation company’s stock worth $1,152,000 after purchasing an additional 45 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in United Parcel Service by 0.3% in the fourth quarter. Great Lakes Advisors LLC now owns 17,086 shares of the transportation company’s stock worth $3,663,000 after purchasing an additional 45 shares during the last quarter. Pacific Global Investment Management Co. lifted its stake in United Parcel Service by 0.5% in the fourth quarter. Pacific Global Investment Management Co. now owns 9,342 shares of the transportation company’s stock worth $2,002,000 after purchasing an additional 46 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of United Parcel Service by 0.4% during the fourth quarter. CENTRAL TRUST Co now owns 12,304 shares of the transportation company’s stock valued at $2,638,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 57.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UPS. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating for the company in a research note on Tuesday, June 7th. Evercore ISI reiterated an “outperform” rating and set a $227.00 price target (down previously from $255.00) on shares of United Parcel Service in a research report on Tuesday, July 12th. BMO Capital Markets reduced their price target on shares of United Parcel Service from $225.00 to $200.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 27th. Citigroup reduced their price target on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Finally, Stephens reduced their price target on shares of United Parcel Service to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $215.82.

Insider Transactions at United Parcel Service

In other news, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

United Parcel Service Stock Up 1.2 %

Shares of United Parcel Service stock opened at $196.76 on Friday. The company has a market cap of $171.92 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company’s 50 day moving average is $182.86 and its 200 day moving average is $194.22. United Parcel Service, Inc. has a twelve month low of $165.34 and a twelve month high of $233.72. The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 1.10.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.15. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The business had revenue of $24.80 billion for the quarter, compared to the consensus estimate of $24.59 billion. During the same period last year, the firm earned $3.06 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 12.81 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a $1.52 dividend. The ex-dividend date is Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.09%. United Parcel Service’s dividend payout ratio (DPR) is presently 48.84%.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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