2,058 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,058 shares of the transportation company’s stock, valued at approximately $324,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DeDora Capital Inc. grew its stake in shares of United Parcel Service by 6.1% in the 4th quarter. DeDora Capital Inc. now owns 4,933 shares of the transportation company’s stock valued at $776,000 after buying an additional 284 shares in the last quarter. Brown Miller Wealth Management LLC grew its stake in shares of United Parcel Service by 1.1% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,498 shares of the transportation company’s stock valued at $1,336,000 after buying an additional 90 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of United Parcel Service by 1.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock valued at $1,142,000 after buying an additional 69 shares in the last quarter. Ellsworth Advisors LLC grew its stake in shares of United Parcel Service by 3.0% in the 4th quarter. Ellsworth Advisors LLC now owns 23,959 shares of the transportation company’s stock valued at $3,767,000 after buying an additional 707 shares in the last quarter. Finally, FLC Capital Advisors grew its stake in shares of United Parcel Service by 21.6% in the 4th quarter. FLC Capital Advisors now owns 2,178 shares of the transportation company’s stock valued at $342,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $1.31 during trading hours on Thursday, reaching $148.64. The stock had a trading volume of 5,196,199 shares, compared to its average volume of 4,429,152. The business’s fifty day moving average is $150.64 and its two-hundred day moving average is $152.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $126.74 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.64 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. During the same period in the prior year, the company posted $3.62 earnings per share. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 8.29 EPS for the current 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 paid a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 83.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. BMO Capital Markets upped their target price on United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday. TD Cowen decreased their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday. 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 cut United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price for the company. in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $165.23.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.