SeaCrest Wealth Management LLC Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

SeaCrest Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,193 shares of the transportation company’s stock after acquiring an additional 69 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $1,142,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of UPS. VisionPoint Advisory Group LLC purchased a new position in shares of United Parcel Service during the second quarter valued at $25,000. OFI Invest Asset Management bought a new position in United Parcel Service during the 3rd quarter worth about $25,000. IMA Wealth Inc. raised its holdings in shares of United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in shares of United Parcel Service in the 1st quarter worth approximately $25,000. Finally, Worth Asset Management LLC bought a new position in shares of United Parcel Service during the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $1.30 during trading hours on Friday, reaching $148.63. The stock had a trading volume of 5,197,043 shares, compared to its average volume of 4,926,311. The stock’s 50 day moving average is $150.64 and its 200 day moving average is $152.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80. The firm has a market capitalization of $126.73 billion, a PE ratio of 19.08, a PEG ratio of 1.79 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.62 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 8.28 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.39%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

Insider Activity

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays lowered their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, December 21st. Oppenheimer reaffirmed an “outperform” rating and set a $153.00 target price on shares of United Parcel Service in a research report on Wednesday. Finally, Daiwa Capital Markets downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $165.23.

About United Parcel Service

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.