Cherry Creek Investment Advisors Inc. Raises Stake in United Parcel Service, Inc. $UPS

Cherry Creek Investment Advisors Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 72.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,828 shares of the transportation company’s stock after purchasing an additional 10,432 shares during the quarter. United Parcel Service comprises approximately 1.1% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 26th largest holding. Cherry Creek Investment Advisors Inc.’s holdings in United Parcel Service were worth $2,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Twin Peaks Wealth Advisors LLC purchased a new position in shares of United Parcel Service during the second quarter worth about $34,000. Salzhauer Michael acquired a new position in United Parcel Service in the 3rd quarter valued at about $31,000. Physician Wealth Advisors Inc. raised its stake in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Avion Wealth raised its stake in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 321 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its position in United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after acquiring an additional 124 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS opened at $98.20 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The stock’s 50 day moving average is $107.76 and its two-hundred day moving average is $99.01. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The firm has a market capitalization of $83.38 billion, a PE ratio of 14.97, a P/E/G ratio of 1.49 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UPS. Evercore lifted their target price on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Citigroup cut their price target on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Stifel Nicolaus increased their price target on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Stephens lifted their price objective on shares of United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $113.67.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.