Spartan Wealth Advisory Services LLC Purchases Shares of 10,683 United Parcel Service, Inc. $UPS

Spartan Wealth Advisory Services LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,683 shares of the transportation company’s stock, valued at approximately $1,051,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. acquired a new position in United Parcel Service in the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at about $25,000. Coston McIsaac & Partners increased its stake in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Torren Management LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth about $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.0%

NYSE:UPS opened at $117.77 on Monday. The business’s 50-day moving average is $106.68 and its two-hundred day moving average is $106.14. The firm has a market capitalization of $100.10 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 5.6%. United Parcel Service’s payout ratio is 106.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citigroup raised their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, July 9th. UBS Group reduced their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.10.

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.