SteelPeak Wealth LLC Has $4.28 Million Stock Position in United Parcel Service, Inc. $UPS

SteelPeak Wealth LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 303.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,288 shares of the transportation company’s stock after purchasing an additional 38,587 shares during the period. SteelPeak Wealth LLC’s holdings in United Parcel Service were worth $4,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UPS. Discipline Wealth Solutions LLC grew its holdings in shares of United Parcel Service by 6.0% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 5,355 shares of the transportation company’s stock worth $447,000 after purchasing an additional 302 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of United Parcel Service by 8.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 6,780 shares of the transportation company’s stock worth $566,000 after acquiring an additional 503 shares during the period. Amplius Wealth Advisors LLC boosted its position in shares of United Parcel Service by 25.8% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 10,400 shares of the transportation company’s stock worth $869,000 after acquiring an additional 2,133 shares in the last quarter. CapWealth Advisors LLC increased its stake in United Parcel Service by 9.7% in the third quarter. CapWealth Advisors LLC now owns 216,227 shares of the transportation company’s stock valued at $18,061,000 after acquiring an additional 19,188 shares during the last quarter. Finally, Coastline Trust Co increased its stake in United Parcel Service by 35.8% in the third quarter. Coastline Trust Co now owns 2,240 shares of the transportation company’s stock valued at $187,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group upped their target price on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. BMO Capital Markets reissued a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $110.09.

United Parcel Service Stock Performance

United Parcel Service stock opened at $99.23 on Friday. The business has a 50 day moving average of $96.52 and a 200-day moving average of $92.87. The company has a market capitalization of $84.19 billion, a P/E ratio of 15.34, a P/E/G ratio of 2.36 and a beta of 1.11. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period in the previous year, the firm posted $1.76 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

About United Parcel Service

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.