Brown Miller Wealth Management LLC Has $1.40 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Brown Miller Wealth Management LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,397 shares of the transportation company’s stock after acquiring an additional 899 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in United Parcel Service were worth $1,396,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after purchasing an additional 178,394 shares during the period. Wellington Management Group LLP lifted its holdings in United Parcel Service by 87.6% in the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after buying an additional 8,475,698 shares during the period. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Franklin Resources Inc. grew its holdings in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after acquiring an additional 980,317 shares during the period. Finally, Norges Bank bought a new stake in shares of United Parcel Service during the 4th quarter valued at $1,128,322,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on UPS shares. TD Cowen reduced their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Wells Fargo & Company began coverage on United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 target price for the company. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Bank of America lifted their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer upped their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Up 0.8 %

UPS stock traded up $1.02 during midday trading on Friday, reaching $136.85. 6,609,563 shares of the company’s stock traded hands, compared to its average volume of 4,011,769. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $141.71 and its 200-day moving average price is $148.56. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The company has a market cap of $117.08 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.74 and a beta of 1.01.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.76%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.