Creekmur Asset Management LLC Acquires New Position in United Parcel Service, Inc. (NYSE:UPS)

Creekmur Asset Management LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,058 shares of the transportation company’s stock, valued at approximately $324,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service during the fourth quarter worth $28,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $31,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $31,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.6 %

Shares of NYSE:UPS traded up $0.76 during midday trading on Friday, hitting $135.65. 3,800,244 shares of the company’s stock were exchanged, compared to its average volume of 3,265,808. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a 50 day moving average price of $143.62 and a 200-day moving average price of $149.86. The company has a market cap of $116.06 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is presently 94.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UPS. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Susquehanna lifted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Morgan Stanley lifted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Finally, BMO Capital Markets lifted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $164.95.

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.