Spire Wealth Management Sells 27,317 Shares of United Parcel Service, Inc. $UPS

Spire Wealth Management cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 83.8% during the second quarter, HoldingsChannel reports. The firm owned 5,287 shares of the transportation company’s stock after selling 27,317 shares during the period. Spire Wealth Management’s holdings in United Parcel Service were worth $534,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Founders Capital Management LLC increased its holdings in United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after buying an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new position in United Parcel Service in the 1st quarter worth approximately $620,000. Capital CS Group LLC increased its holdings in United Parcel Service by 3.6% in the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after buying an additional 8,070 shares during the period. Stephens Inc. AR grew its stake in shares of United Parcel Service by 20.1% during the 2nd quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock worth $9,122,000 after purchasing an additional 15,135 shares during the period. Finally, CX Institutional grew its stake in shares of United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after purchasing an additional 17,152 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $96.64 on Monday. The company’s fifty day moving average price is $86.30 and its 200 day moving average price is $93.03. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $138.67. The stock has a market capitalization of $81.91 billion, a P/E ratio of 14.94, a P/E/G ratio of 2.29 and a beta of 1.10. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.40 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Susquehanna raised their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial raised their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.00.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Company Profile

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.