Spire Wealth Management Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Spire Wealth Management grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 194.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,604 shares of the transportation company's stock after buying an additional 21,533 shares during the quarter. Spire Wealth Management's holdings in United Parcel Service were worth $3,586,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UPS. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after acquiring an additional 268,278 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Truist Financial decreased their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Finally, Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Performance

United Parcel Service stock opened at $99.50 on Thursday. The stock's 50-day moving average is $98.00 and its 200-day moving average is $111.09. The company has a market cap of $84.26 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company's revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.59%. United Parcel Service's payout ratio is currently 95.63%.

United Parcel Service 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.

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