SteelPeak Wealth LLC Cuts Stake in United Parcel Service, Inc. $UPS

SteelPeak Wealth LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 69.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,821 shares of the transportation company’s stock after selling 35,467 shares during the quarter. SteelPeak Wealth LLC’s holdings in United Parcel Service were worth $1,569,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPS. Salzhauer Michael purchased a new position in United Parcel Service in the third quarter valued at about $31,000. Physician Wealth Advisors Inc. grew its position in shares of United Parcel Service by 76.5% during 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 during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $34,000. Avion Wealth increased its stake in shares of 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 purchasing an additional 321 shares during the last quarter. Finally, Winch Advisory Services LLC raised its holdings in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UPS has been the topic of several research analyst reports. Susquehanna upped their price objective on United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Stephens boosted their target price on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Trading Up 0.1%

Shares of UPS stock opened at $98.30 on Friday. The stock has a market capitalization of $83.46 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.54 and a beta of 1.12. The company’s fifty day simple moving average is $107.14 and its two-hundred day simple moving average is $99.19. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $2.75 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

United Parcel Service Profile

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.