SeaCrest Wealth Management LLC Has $986,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

SeaCrest Wealth Management LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,635 shares of the transportation company’s stock after selling 558 shares during the period. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UPS. Harbor Capital Advisors Inc. raised its stake in United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN boosted its holdings in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. increased its stake in shares of United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Cullen Investment Group LTD. raised its holdings in shares of United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after buying an additional 68 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its position in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Susquehanna boosted their target price on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Bank of America boosted their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, Evercore ISI lowered their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Price Performance

United Parcel Service stock opened at $134.91 on Wednesday. The stock has a market capitalization of $115.42 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.74 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98. The stock’s 50 day moving average price is $141.52 and its two-hundred day moving average price is $148.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

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.