United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,498 shares of the transportation company’s stock after acquiring an additional 90 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in United Parcel Service were worth $1,336,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UPS. MWA Asset Management bought a new position in United Parcel Service in the 3rd quarter valued at about $2,125,000. Chesapeake Wealth Management lifted its position in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares during the period. Ergoteles LLC bought a new position in United Parcel Service during the 2nd quarter valued at $8,571,000. Telos Capital Management Inc. increased its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after purchasing an additional 740 shares during the period. Finally, State Street Corp raised its position in United Parcel Service by 1.3% in the second quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after acquiring an additional 357,974 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Susquehanna restated a “neutral” rating and issued a $150.00 price target on shares of United Parcel Service in a research report on Wednesday. TD Cowen cut their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $153.00 price target on shares of United Parcel Service in a research note on Wednesday. Evercore ISI reiterated an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Performance

UPS traded up $1.31 during trading on Thursday, hitting $148.64. The stock had a trading volume of 5,196,199 shares, compared to its average volume of 4,429,152. The firm has a market cap of $126.74 billion, a PE ratio of 19.08, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a current ratio of 1.10, a quick 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 company has a 50 day simple moving average of $150.64 and a 200-day simple moving average of $152.25.

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

United Parcel Service Increases Dividend

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