Wealthspire Advisors LLC Has $895,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Wealthspire Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,693 shares of the transportation company’s stock after purchasing an additional 783 shares during the period. Wealthspire Advisors LLC’s holdings in United Parcel Service were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Bourgeon Capital Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, VisionPoint Advisory Group LLC boosted its holdings in shares of United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after acquiring an additional 98 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.6 %

Shares of NYSE:UPS traded up $0.87 during mid-day trading on Friday, reaching $147.30. The stock had a trading volume of 260,288 shares, compared to its average volume of 4,105,761. The firm has a 50 day simple moving average of $149.35 and a two-hundred day simple moving average of $150.51. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The firm has a market cap of $125.60 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $2.20 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Oppenheimer raised their target price on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $165.23.

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.