17,346 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Miller Financial Services LLC

Miller Financial Services LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 17,346 shares of the transportation company’s stock, valued at approximately $2,187,000. United Parcel Service accounts for 1.8% of Miller Financial Services LLC’s holdings, making the stock its 7th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. True Wealth Design LLC increased its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the period. FSA Wealth Management LLC bought a new position in United Parcel Service during the third quarter valued at $36,000. Whipplewood Advisors LLC bought a new position in United Parcel Service during the fourth quarter valued at $34,000. Finally, Sugar Maple Asset Management LLC bought a new position in United Parcel Service during the fourth quarter valued at $38,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. Susquehanna cut their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Raymond James cut their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Loop Capital cut their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Trading Down 0.8 %

NYSE UPS opened at $120.67 on Tuesday. The company has a market capitalization of $103.07 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.55 and a beta of 0.94. The stock’s 50-day simple moving average is $121.64 and its two-hundred day simple moving average is $127.72. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company earned $2.47 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.44%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

United Parcel Service Company 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.