United Parcel Service, Inc. $UPS Stock Holdings Lessened by Spirepoint Private Client LLC

Spirepoint Private Client LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,029,510 shares of the transportation company’s stock after selling 64,320 shares during the quarter. United Parcel Service comprises 9.0% of Spirepoint Private Client LLC’s investment portfolio, making the stock its largest position. Spirepoint Private Client LLC owned about 0.12% of United Parcel Service worth $85,995,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Evelyn Partners Investment Management Europe Ltd raised its position in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service in the second quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth $34,000. Finally, RMG Wealth Management LLC acquired a new position in shares of United Parcel Service during the second quarter worth $34,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UPS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Citigroup boosted their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. UBS Group lifted their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Trading Up 0.9%

United Parcel Service stock opened at $101.89 on Tuesday. The stock has a 50-day moving average price of $97.05 and a 200 day moving average price of $92.80. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The stock has a market cap of $86.44 billion, a PE ratio of 15.75, a P/E/G ratio of 2.28 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50.

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, topping the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 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 period last year, the company earned $1.76 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

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.