Spire Wealth Management Has $1.29 Million Stake in United Parcel Service, Inc. $UPS

Spire Wealth Management grew its position in United Parcel Service, Inc. (NYSE:UPS) by 144.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,011 shares of the transportation company’s stock after buying an additional 7,680 shares during the quarter. Spire Wealth Management’s holdings in United Parcel Service were worth $1,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Salzhauer Michael acquired a new stake in United Parcel Service in the 3rd quarter valued at approximately $31,000. Physician Wealth Advisors Inc. lifted its stake in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in United Parcel Service during the 2nd quarter worth approximately $34,000. Avion Wealth boosted its position in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after acquiring an additional 321 shares during the last quarter. Finally, Winch Advisory Services LLC grew its stake in shares of United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after acquiring an additional 124 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on UPS shares. Evercore lifted their price objective on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Citigroup decreased their target price on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Oppenheimer lifted their price target on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Susquehanna boosted their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research note on Friday, January 9th. Two equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Trading Up 0.0%

Shares of NYSE:UPS opened at $94.85 on Tuesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $80.53 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.08. The company has a 50-day simple moving average of $107.93 and a 200 day simple moving average of $98.91.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (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 firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the company earned $2.75 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

About United Parcel Service

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.