Creative Financial Designs Inc. ADV Sells 444 Shares of United Parcel Service, Inc. (NYSE:UPS)

Creative Financial Designs Inc. ADV lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,861 shares of the transportation company’s stock after selling 444 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in United Parcel Service were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. True Wealth Design LLC raised its position in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the period. FSA Wealth Management LLC bought a new position in shares of United Parcel Service in the third quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $34,000. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UPS. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Susquehanna lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Citigroup lowered their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Performance

United Parcel Service stock opened at $117.42 on Thursday. The stock has a 50-day simple moving average of $120.49 and a 200 day simple moving average of $127.18. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The stock has a market capitalization of $100.30 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the business earned $2.47 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.59%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is currently 97.04%.

United Parcel Service Company Profile

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.