Spire Wealth Management Has $1.40 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Spire Wealth Management increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,071 shares of the transportation company’s stock after purchasing an additional 871 shares during the quarter. Spire Wealth Management’s holdings in United Parcel Service were worth $1,396,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in UPS. IFS Advisors LLC lifted its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC lifted its position in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. PSI Advisors LLC boosted its holdings in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

UPS opened at $111.26 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market capitalization of $94.95 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.63 and a beta of 0.98. The business’s 50-day moving average price is $128.31 and its two-hundred day moving average price is $130.16. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm earned $2.47 EPS. Equities analysts expect that United Parcel Service, Inc. will post 8.61 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.86%. United Parcel Service’s dividend payout ratio (DPR) is presently 96.45%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UPS. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Evercore ISI raised their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Finally, Bank of America reduced their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service 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.