CreativeOne Wealth LLC Has $1.98 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

CreativeOne Wealth LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,532 shares of the transportation company’s stock after purchasing an additional 2,720 shares during the quarter. CreativeOne Wealth LLC’s holdings in United Parcel Service were worth $1,981,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC lifted its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC lifted its position in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.5 %

NYSE UPS opened at $135.68 on Friday. The business has a 50 day simple moving average of $133.41 and a 200 day simple moving average of $133.97. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The stock has a market capitalization of $115.79 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.23 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Bank of America increased their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service 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.