Meadow Creek Wealth Advisors LLC Makes New $324,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

Meadow Creek Wealth Advisors LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,058 shares of the transportation company’s stock, valued at approximately $324,000.

Several other institutional investors have also added to or reduced their stakes in UPS. Vista Investment Management raised its stake in shares of United Parcel Service by 1.4% during the second quarter. Vista Investment Management now owns 4,171 shares of the transportation company’s stock valued at $748,000 after acquiring an additional 59 shares in the last quarter. Aspire Private Capital LLC raised its stake in shares of United Parcel Service by 0.3% during the first quarter. Aspire Private Capital LLC now owns 18,392 shares of the transportation company’s stock valued at $3,568,000 after acquiring an additional 60 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after acquiring an additional 64 shares in the last quarter. Kolinsky Wealth Management LLC increased its holdings in United Parcel Service by 1.8% during the second quarter. Kolinsky Wealth Management LLC now owns 3,590 shares of the transportation company’s stock valued at $632,000 after buying an additional 65 shares during the period. Finally, Field & Main Bank increased its holdings in United Parcel Service by 1.7% during the third quarter. Field & Main Bank now owns 3,840 shares of the transportation company’s stock valued at $599,000 after buying an additional 65 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UPS. Daiwa Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Tuesday, December 26th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday, December 21st. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. Finally, Evercore ISI reissued an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $165.23.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of UPS traded up $1.31 during trading hours on Thursday, reaching $148.64. 5,196,199 shares of the company traded hands, compared to its average volume of 4,429,152. The stock has a market capitalization of $126.74 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The business has a fifty day moving average price of $150.64 and a 200-day moving average price of $152.25.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.62 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 8.29 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.39%. United Parcel Service’s payout ratio is currently 83.70%.

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.