SeaCrest Wealth Management LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)


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SeaCrest Wealth Management LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,435 shares of the transportation company’s stock after buying an additional 1,784 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NovaPoint Capital LLC grew its holdings in United Parcel Service by 1.9% during the 3rd quarter. NovaPoint Capital LLC now owns 3,247 shares of the transportation company’s stock valued at $541,000 after buying an additional 59 shares in the last quarter. TFG Advisers LLC grew its holdings in shares of United Parcel Service by 1.1% in the fourth quarter. TFG Advisers LLC now owns 6,066 shares of the transportation company’s stock valued at $1,021,000 after purchasing an additional 64 shares in the last quarter. Lbmc Investment Advisors LLC grew its holdings in shares of United Parcel Service by 5.4% in the fourth quarter. Lbmc Investment Advisors LLC now owns 1,355 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 70 shares in the last quarter. Allworth Financial LP grew its holdings in shares of United Parcel Service by 9.8% in the third quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 72 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its holdings in shares of United Parcel Service by 1.2% in the third quarter. Traynor Capital Management Inc. now owns 6,140 shares of the transportation company’s stock valued at $1,055,000 after purchasing an additional 75 shares in the last quarter. 55.68% of the stock is owned by institutional investors and hedge funds.

In other news, insider Norman M. Brothers, Jr. sold 13,337 shares of the firm’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total transaction of $2,129,118.68. Company insiders own 0.57% of the company’s stock.

Shares of NYSE:UPS traded down $2.70 on Tuesday, hitting $158.90. 51,179 shares of the company’s stock were exchanged, compared to its average volume of 3,850,015. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $178.01. The stock has a market capitalization of $137.35 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The business’s 50 day simple moving average is $160.73 and its two-hundred day simple moving average is $164.53. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.29 and a quick ratio of 1.29.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.14 by $0.52. The firm had revenue of $24.90 billion for the quarter, compared to analyst estimates of $22.85 billion. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Stockholders of record on Monday, February 22nd will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 19th. This represents a $4.08 annualized dividend and a dividend yield of 2.57%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.01. United Parcel Service’s dividend payout ratio (DPR) is currently 53.65%.

A number of research analysts recently weighed in on UPS shares. JPMorgan Chase & Co. set a $180.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, February 3rd. KeyCorp raised their target price on shares of United Parcel Service from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Morgan Stanley raised their target price on shares of United Parcel Service from $74.00 to $80.00 and gave the company an “underweight” rating in a report on Wednesday, February 3rd. Sanford C. Bernstein reissued a “buy” rating and issued a $184.00 target price on shares of United Parcel Service in a report on Wednesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on United Parcel Service from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 4th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $157.91.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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