SteelPeak Wealth LLC Increases Position in United Parcel Service, Inc. (NYSE:UPS)

SteelPeak Wealth LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 896.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,627 shares of the transportation company's stock after buying an additional 41,047 shares during the period. SteelPeak Wealth LLC's holdings in United Parcel Service were worth $5,019,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Colonial Trust Co SC grew its position in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after acquiring an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC grew its position in United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after acquiring an additional 101 shares during the last quarter. TCV Trust & Wealth Management Inc. grew its position in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after acquiring an additional 103 shares during the last quarter. Finally, Cohen & Steers Inc. grew its position in United Parcel Service by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after acquiring an additional 104 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock traded down $1.63 on Friday, hitting $101.29. The company had a trading volume of 4,337,400 shares, compared to its average volume of 5,255,610. The firm has a market cap of $85.77 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. The company has a 50-day moving average price of $99.42 and a 200-day moving average price of $109.05. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations 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 for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio is presently 95.63%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Raymond James Financial dropped their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Wolfe Research dropped their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Bank of America boosted their target price on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Company 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.