Synovus Financial Corp Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Synovus Financial Corp cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,276 shares of the transportation company’s stock after selling 2,926 shares during the period. Synovus Financial Corp’s holdings in United Parcel Service were worth $14,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allred Capital Management LLC lifted its stake in United Parcel Service by 1.4% in the 1st quarter. Allred Capital Management LLC now owns 7,031 shares of the transportation company’s stock valued at $799,000 after buying an additional 100 shares in the last quarter. Community Bank N.A. raised its holdings in United Parcel Service by 0.6% in the 1st quarter. Community Bank N.A. now owns 16,129 shares of the transportation company’s stock valued at $1,802,000 after acquiring an additional 100 shares during the last quarter. Howe & Rusling Inc. raised its holdings in United Parcel Service by 22.8% in the 1st quarter. Howe & Rusling Inc. now owns 614 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 114 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in United Parcel Service by 1.9% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 6,573 shares of the transportation company’s stock valued at $641,000 after acquiring an additional 122 shares during the last quarter. Finally, Buffington Mohr McNeal raised its holdings in United Parcel Service by 3.0% in the 4th quarter. Buffington Mohr McNeal now owns 4,567 shares of the transportation company’s stock valued at $445,000 after acquiring an additional 131 shares during the last quarter. 55.48% of the stock is owned by institutional investors.

Several analysts recently issued reports on UPS shares. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $130.00 in a report on Monday, April 1st. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. UBS Group dropped their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Credit Suisse Group restated a “neutral” rating and set a $114.00 target price on shares of United Parcel Service in a report on Wednesday, March 6th. Finally, Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $119.05.

Shares of United Parcel Service stock traded down $0.55 during midday trading on Monday, reaching $102.72. 2,627,500 shares of the company’s stock traded hands, compared to its average volume of 3,249,686. The stock has a market capitalization of $90.48 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average of $99.10.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.79 billion. During the same quarter last year, the business earned $1.55 EPS. The business’s revenue was up .3% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.46 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th were given a $0.96 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.74%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by insiders.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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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