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

Cherry Creek Investment Advisors Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 72.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,828 shares of the transportation company’s stock after buying an additional 10,432 shares during the quarter. United Parcel Service makes up approximately 1.1% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 26th biggest position. Cherry Creek Investment Advisors Inc.’s holdings in United Parcel Service were worth $2,463,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of United Parcel Service during the second quarter worth $277,000. SVB Wealth LLC purchased a new position in United Parcel Service in the second quarter valued at $848,000. Elevation Point Wealth Partners LLC purchased a new position in United Parcel Service in the second quarter valued at $109,000. Finally, Mackenzie Financial Corp raised its stake in United Parcel Service by 15.0% in the second quarter. Mackenzie Financial Corp now owns 86,667 shares of the transportation company’s stock valued at $8,748,000 after buying an additional 11,281 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UPS shares. Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a report on Friday, January 9th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. BMO Capital Markets raised their target price on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their target price on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus increased their price target on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.67.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

NYSE UPS opened at $98.20 on Wednesday. The company has a fifty day moving average of $107.76 and a two-hundred day moving average of $99.01. The company 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, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22.

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

United Parcel Service Announces Dividend

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

About United Parcel Service

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.