Cypress Capital Group Has $1.72 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cypress Capital Group lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,640 shares of the transportation company's stock after selling 3,925 shares during the quarter. Cypress Capital Group's holdings in United Parcel Service were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Pacific Sage Partners LLC increased its stake in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock worth $212,000 after purchasing an additional 77 shares in the last quarter. Banco Santander S.A. increased its stake in United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock worth $1,717,000 after purchasing an additional 79 shares in the last quarter. Quent Capital LLC increased its stake in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Tradewinds LLC. increased its stake in United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock worth $612,000 after purchasing an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora increased its stake in United Parcel Service by 1.2% in the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock worth $979,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

UPS stock traded up $2.31 during trading on Wednesday, hitting $119.10. The company had a trading volume of 6,811,272 shares, compared to its average volume of 4,410,222. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market cap of $101.73 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.55 and a beta of 0.98. The company has a fifty day moving average price of $121.94 and a two-hundred day moving average price of $127.88. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the company earned $2.47 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.51%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is currently 97.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UPS. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday. Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a report on Wednesday, January 22nd. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $140.73.

About United Parcel Service

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.