CreativeOne Wealth LLC Has $1.53 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

CreativeOne Wealth LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 20.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,490 shares of the transportation company’s stock after buying an additional 1,589 shares during the period. CreativeOne Wealth LLC’s holdings in United Parcel Service were worth $1,533,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Coston McIsaac & Partners bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $26,000. Worth Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $27,000. Winch Advisory Services LLC raised its holdings in shares of United Parcel Service by 334.1% in the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 137 shares during the period. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of United Parcel Service by 39.4% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 276 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 78 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of United Parcel Service in the 3rd quarter valued at about $45,000. 58.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UPS shares. BNP Paribas cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 30th. Cowen increased their price target on shares of United Parcel Service from $187.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, February 1st. Oppenheimer increased their price target on shares of United Parcel Service from $196.00 to $199.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Raymond James lowered their price target on shares of United Parcel Service from $210.00 to $207.00 and set a “strong-buy” rating on the stock in a report on Wednesday, February 1st. Finally, BMO Capital Markets increased their price target on shares of United Parcel Service from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, February 1st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $193.54.

United Parcel Service Stock Performance

NYSE UPS opened at $185.06 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $158.92 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 2.18 and a beta of 1.08. The firm’s 50 day simple moving average is $182.50 and its 200 day simple moving average is $178.38. United Parcel Service, Inc. has a 1 year low of $154.87 and a 1 year high of $223.97.

United Parcel Service (NYSE:UPS – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The transportation company reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.03. The business had revenue of $27 billion for the quarter, compared to analyst estimates of $28.03 billion. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $3.59 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 11.5 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st were given a $1.62 dividend. The ex-dividend date was Friday, February 17th. This represents a $6.48 dividend on an annualized basis and a yield of 3.50%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.52. United Parcel Service’s dividend payout ratio (DPR) is currently 49.09%.

United Parcel Service declared that its Board of Directors has approved a share repurchase program on Tuesday, January 31st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Laura J. Lane sold 14,617 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $178.16, for a total value of $2,604,164.72. The sale was disclosed in a document filed with the SEC, which is available at this link. In other United Parcel Service news, insider Laura J. Lane sold 14,617 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $178.16, for a total value of $2,604,164.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Norman M. Brothers, Jr. sold 20,724 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $182.26, for a total transaction of $3,777,156.24. The disclosure for this sale can be found here. Insiders have sold 54,341 shares of company stock worth $9,848,061 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

United Parcel Service Profile

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United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.