Creative Financial Designs Inc. ADV lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 387.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,171 shares of the transportation company’s stock after acquiring an additional 8,086 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in United Parcel Service were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Founders Capital Management LLC lifted its stake in United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after acquiring an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter worth about $620,000. Capital CS Group LLC increased its holdings in shares of United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after acquiring an additional 8,070 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of United Parcel Service by 20.1% during the 2nd quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock valued at $9,122,000 after acquiring an additional 15,135 shares during the last quarter. Finally, CX Institutional grew its holdings in United Parcel Service by 39.9% in the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after buying an additional 17,152 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Trading Up 1.7%
NYSE:UPS opened at $96.64 on Friday. The firm’s 50 day moving average is $86.30 and its 200 day moving average is $93.06. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $138.67. The stock has a market capitalization of $81.91 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.
United Parcel Service Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 101.39%.
Insiders Place Their Bets
In other news, Director Christiana Smith Shi purchased 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on UPS. Vertical Research restated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. UBS Group upped their price objective on United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their target price on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Oppenheimer cut their target price on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $110.00.
View Our Latest Stock Analysis on UPS
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.
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